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The article focuses on the importance of art in providing satisfaction for consumers and designers in Europe. It states that fashion designs can be seen in women's clothing and soft-goods department in stores which come from Western European designers. It mentions that Western European designers are considered the best practitioners in art wherein their designs are recognized in several products including watches from Switzerland, furniture from Italy, and tableware from Scandinavia. It highlights Pierre Cardin as one of the most talented designers in France.

The article presents information on the positive voting for establishment of Common Market in Europe. It states about a survey of 1000 firms in Britain which reported 95 percent of them ready to join common market. It further states that Europeans are hopeful to attain economic growth which after averaging 9 percent a year from 1958 to 1969 has slowed down.

The article focuses on the 1978 economic conditions of Europe. It notes that unlike U.S., the industrial sector of Europe have still not yet reclaimed its lustrous life from the global recession that hit the nation in 1974-1975. It adds that the arduous recovery leads to the decline of its basic industries including steels, textiles, and shipbuilding that provide 4.3 million European jobs. Meanwhile, the industrial changes are also fueling several protests. In September 1978, French steelworkers called a one-day strike against government plan to eliminate nearly 30, 000 jobs in the next five years in an effort to save the industry for bankruptcy. It says that the main cause of Europe' downfall is the competitive entry into world markets of developing countries like Korea and Singapore.

The article presents the author's insights regarding the need for an economic development plan to address poverty issues in less developed countries (LCDs). It states that LDCs struggle against continued poverty while industrial nations experience political threats. It says that the Marshall Plan must involve Europe, Japan and the U.S.' commitment to give more based on a comprehensive and effective plan. It suggests that developed countries must scrap the quotas for various products and lower the tariffs while market opportunities, increase employment and production in the U.S. Japan, and Europe must be advanced. It adds that industrial countries can also adopt the plans of Denmark, Sweden, and West Germany to forgive some debts owed by the poorest countries.

The article focuses on the competition between Japanese and European economies. It says that manufacturers in Japan and Europe produce similar types of products but Japanese emphasizes on foreign sales. It states that European Commissioner Finn Olav Gundelach notified Japanese Deputy Foreign Minister Bunroku Yoshino that Japan needs to present a plan to correct the imbalance in trade or face retaliation by probable imposition of additional import duties on Japanese goods which are suspected as being dumped. Meanwhile, Japan agreed to shipbuilding negotiations and suggested to raise quotas on imports of European skimmed milk, butter and cheese into Japan.

The article discusses the agreement that was signed by the nine-nation European Economic Community (EEC) that reduces tax barriers on sales of Israeli goods to the Common Market. It emphasizes that the contract will help Israel reduce tariffs up to 80% of its goods. It is showed in the article that the concord allows the Common Market plan to link the Mediterranean to the EEC.

The article focuses on the technology gap between the U.S. and Europe. Commerce Secretary John Connor says that the gap can be called an industrial disparity in which the American activity is concentrated in high-technology industries which shape the economic life. It is attributed to Europe's failure in translating laboratory discoveries into sophisticated hardware and marketing its achievements. It is considered that Europe faces management and money gap in many ways than a technology gap.

The article focuses on the ornately decorated porcelain produced by the Meissen factory which has been one of Europe's most valued and best-paying products. It says that the 900 Meissen workers have been left by Communist bosses in peace to do their jobs in the meticulous customary manner. It adds that Meissen China has maintained its traditional quality and commands an expensive price wherever it is sold.

The article reports on the economic policy of the U.S., and its impact on other nations during 1971. It is stated that foreigners were upset over U.S. economic policies that imposed 10 percent surtax on most imports, and the demand that other nations revalue their currencies upward against the dollar. In many parts of Western Europe, unemployment is increasing, and steel production is declining. Industrial production has reportedly decreased in Italy due to strikes and absenteeism.

The article reports on the latest trade issues between the U.S. and European countries, as many U.S.-based manufacturers complained on the growing competition posed by European firms in the country. According to U.S. Secretary of State Dean Acheson, the inconsistent policy of the country on European products entering the U.S. destroys the leadership of the U.S. government. U.S. companies are proposing tariff restrictions and complying with the "Buy American" law.

The article reports on the economic expansion after the World War II in Europe. It mentions the move of the foreign ministers to meet in Brussels to discuss the economic development emphasizing the goods and services. In this regard, it mentions that the economic development of country creates the new balance of world economy in the U.S. trade.

The article reports on the economic relation between the U.S. and European countries. In his speech in a conference of European and U.S. business leaders, Christopher Soames, vice president of the Common Market Commission, agreed with Under Secretary of State for Economic Affairs William Casey's optimism in the economic relation of Europe and the U.S. He also addressed the preferential trade agreements and reverse preferences on trade. Moreover, Soames explained the importance of Common Market for European countries.

The article reports on the future of trade, investment, and defense relationships between the U.S. and Europe. The U.S. accuses the Common Market of discriminating against imports, that has significant effect on its balance of deficit payments. The Common Market Commission in return argues the complex laws and regulations effectively excludes foreigners from buying and controlling interests in a wide range of U.S. industries like airlines, insurance, brewing and distilling.

The article presents an overview on the trade war between the U.S. and Europe. It highlights the implementation of value-added taxes or VAT by the European government, which has been contested by the U.S. due to its effect of penalizing the American exports and giving price advantage to European goods shipped into the U.S. It adds that the U.S. Committee for Economic Development also argues on the consideration of VAT as a replacement for corporate income taxes.

The article reports on the economic competency of the U.S. economy in the world market regarding its wages, exports and imports in 1962. It reveals that export gains came despite steadily lowering tariffs and steadily increasing foreign productivity, and the much-bruited fact that wage rates run two to four times higher in the country than Europe. It also notes that economists believe that the rising wages in the country will stimulate Europe's demand for consumer goods.

The article discusses the trends in skiing fashion in 1956. According to the author, the trendiest ski fashion in Europe comes from the Mediterranean in the unique printed shirts of sportsman-designer Emilio Pucci. The author reports that American skiers have brought Pucci's parkas to the U.S. and they are being sold in U.S. stores. A survey by "Sports Illustrated" also found that U.S. skiers prioritize comfort and practicality in skiing outfits.