Word: non-communist
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When the Geneva accords established Laotian neutrality seven years ago, hope flickered briefly that they would also bring an end to fighting between Communist and non-Communist forces and take the kingdom out of the cold war. No such thing happened, of course: the treaty-stipulated tripartite regime, composed of rightist, neutralist and leftist factions, collapsed in short order. Laos' Communists, the Pathet Lao, walked out of the government; the fighting resumed, and has been going on in desultory if often deadly fashion ever since...
After five years of haggling, the ten major financial powers of the non-Communist world agreed last week in Paris to introduce an international money: paper gold. Called Special Drawing Rights, or SDRs, the new reserves will reduce nations' dependence on the diminishing supply of real gold in global finance and create new assets to sustain the growth of world trade. The SDRs will exist only in the ledgers of the International Monetary Fund. Its 111 member nations will be able to draw on these reserves to settle accounts among themselves, and central banks will have to accept them...
...impact of Japan's industrial machine, the fastest growing and now the second largest in the non-Communist world, is felt in every corner of the earth. In Europe, businessmen simultaneously worry about competition from Japanese goods and depend on Japanese-built supertankers to move Mideast oil to them despite the 26-month closing of the Suez Canal. In tiny mountain towns of Western Canada, long-unemployed miners are going back to work to dig the coal needed to fill a new $600 million order from Japanese steel mills. Ideologically impartial, Japanese industrialists trade with Peking and Taiwan...
...months, international moneymen have been trying to solve a nagging mystery: What could South Africa be doing with the enormous quantities of gold -77% of the non-Communist world's output-that it mines? The question is much more than an intellectual game for economists. It involves such practical matters as the future of the South African economy, the value of the U.S. dollar and the whole intricate mechanism of international gold trading...
...encouraging developments that look to the inevitable day when, he feels, both the U.S. and China will play a smaller role in Southeast Asia. Born partly from that realization is a growing awareness among Asian nations of the need to look to their own resources and cultivate independence. Strongly non-Communist countries show symptoms of being able to adjust to Communism without becoming politically subverted or emotionally unstrung. Singapore, Thailand and the Philippines, for example, have extended welcome to trade, cultural and tourist delegations from the Soviet Union and other Communist lands in Europe...