Word: button
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Dates: during 1980-1980
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Citing a report the group will submit in January to members of both governments, Button said the U.S. has been slow to learn the pitfalls of its unilateral economic actions and the advantages of cooperation with other nations...
...group-founded on the principle that private citizens can solve problems more effectively than politicians-worked in surprising harmony on the report, Button said, adding, "We found almost no serious disagreements...
...report recommends that Japan play a larger role in world affairs while the U.S., although stronger than ever, must recognize that it is no longer the world leader it was in the 1950s and 1960s, Button said. He declined to give details from the report. The report also states that studying only the statistics of bilateral trade between the two nations can be misleading...
...global trade balance is a better measure of how each nation is doing, Button said, but he added that the imbalance in bilateral trade "remains a political problem...
...Button praised the "openness" and the "honesty" of the two groups collaborating on the report and expressed optimism for the "progressive" reforms proposed...