Orderly correction fortuitous

LETTER - Letter published in Thursday's edition of the London Financial Times, 25 July, from C. Fred Bergsten, Director, Institute for International Economics, Washington DC, US.

Sir, Mr Uwe Bott criticises my proposal to permit continued correction of the dollar exchange rate (18 July) on the grounds that the US should allow other countries "to export themselves out of their crises" (Letters, 23 July). He extols the role of the US as "the world's engine of growth". But why should Japan and

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