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AN APPRAISAL OF TRANSATLANTIC RELATIONS
A PROFOUND shift is taking place in the relations between the United States and Western Europe. Though there is a temptation to think of the shift as the result of yesterday's headlines, its causes run a good deal deeper, and its consequences are likely to remain for a long time. For those who assume that the achievement of a moderate world order depends on some sort of working coöperation in the Atlantic area, the implications of the change are deeply disturbing.
Throughout most of the period since the end of World War II, the economic relations between Western Europe and the United States have been conditioned by a few fundamental considerations. First and overwhelming was the question of relative size. The United States was five or six times as big as any state in Western Europe, and it enjoyed the highest per capita income