The Future of the Dollar
U.S. Financial Power Depends on Washington, Not Beijing
With the success of the Liberals in the Canadian general election of last June, a forceful new Prime Minister (elected leader of his party only a couple of months earlier) received a clear mandate for political action. Attracted by the swinging style and obvious intellectual calibre of Pierre Elliott Trudeau, observers in other countries have been taking a greater interest than usual in Canadian affairs. And they have naturally been especially concerned to know about the new administration's views on international issues.
Mr. Trudeau has provided several examples of his thinking on foreign affairs, the most definitive appearing in a policy statement issued by the Prime Minister's Office in May, during the course of the election campaign. It was stated there that Canada planned "to recognize the People's Republic of China government as soon as possible and to enable that government to occupy the seat of China in the United