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7344724
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Final Statement - Giscard d'Estaing - Dorado Beach, Puerto Rico [Speeches by Others]
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7344724
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Final Statement - Giscard d'Estaing - Dorado Beach, Puerto Rico [Speeches by Others]
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White House Press Releases (Ford Administration)
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28
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1976-06-28
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1976
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Digitized from Box 28 of the White House Press Releases at the Gerald R. Ford Presidential Library
June 28, 1976
UNOFFICIAL USIA TRANSLATION - FRANCE
Final Statement - Giscard d'Estaing - Dorado Beach, Puerto Rico
Mr. President, I would like first to thank you for the hospitality that you
have offered for everyone here, and for the extreme openness and frank-
ness of the conversations we have had on economic and monetary questions
and on international cooperation. It is fair to say that, when we met seven
months ago at Rambouillet, our meeting took place in a climate of anxiety
and inquietude caused by the international economic c crisis, and that we were
looking together for the means to bring that crisis to an end. And it is
fair to say today, seven months later, that the economies have again taken
the road to growth. This result, assuredly, was obtained by national
economic policies, but at the same time, I believe that our meeting
contributed by facilitating;that upturn--on the one hand by creating a climate
of higher confidence, and on the other by organizing--thanks to cooperation
between the central banks--greater monetary stability. Today, what is
important to remember from our deliberations is that we have decided
to establish the conditions of .sustained growth. The result has been
obtained is not merely that of a passing improvement in the economic situation;
it is to prepare the conditions of a growth that can continu for a long time,
And it is in this direction that we have decided to concentrate our efforts.
To get this sustained growth, it is necessary, as you said, Mr. President,
to fight actively against the risk of inflation, which means the setting up
of appropriate ways--especially in the monetary and budgetary spheres.
But, at the same, time, in order for this enduring growth to benefit all of our
countries, a policy of increasing employment must be followed. And this
policy has two aspects -- first, specific actions to increase employment, and
then a policy of developing productive investment necessary itself in the
creation of many jobs.
I believe, Mr. President, that the spirit of cooperation which was the tenor
of our conversations throughout this meeting must indispensably be extended
also to the economic relations which we have with the developing countries.
When we met at Rambouillet, we took a position favoring the opening of a
dialogue in the framework of the conference on international economic devel-
opment, and today we can note that this conference has effectively begun,
that it is going to resume its activity soon, and also that a number of deci-
sions weretaken at Nairobi by the last meeting of UNCTAL. I hope that
in the same cooperative spirit, we likewise intend in the months to come to
follow up constructively this effort at international economic cooperation,
and thus, at the same time -- not only in the present economic situation,
but also in the area of improving the economic organization of the world
that we will have been able to bring proof of our spirit of cooperation.
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