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The article focuses on regional economic development in American and European continent. The questions of social justice in the distributions of the fruits of economic progress are as important and as difficult in terms of regions as in terms of social classes. The question of whether or not the federal government ought to influence the location of economic activity has long been bypassed by government participation in our mixed economy on a scale, which inevitably has important regional consequences. It is undoubtedly in recognition of this phenomenon that important efforts already have been made to give the government a creative role in the solution of regional problems. Nevertheless, these efforts are not yet commensurate with the difficulties posed by lagging regions and congested metropolitan areas. This paper has proposed a number of operationally feasible approaches to the tasks, which remain in the quest for optimal spatial resource allocation from a social point of view. While they do not pretend to indicate final solutions, they are at least conceived on a scale consistent with the issues involved.

The article focuses on various economic aspects of the problem of European economic regionalism. In the first phase economists assume that the general economic objective recognized at present as desirable for the postwar economy is the policy of an expanding economy and world trade, aiming at an increase in the level of living. Secondly, economists assume attempts to achieve full employment in the industrial countries and economic development involving industrialization of the backward countries of Europe, to be also desirable. Generally, the purpose of regional economic agreements is to develop the trade between the member countries on a larger scale than it is believed would be possible under the most-favored-nation clause. The demand for such agreements grew chiefly during periods of economic depression in Europe and was intensified by a strong economic nationalism. These agreements take various forms, ranging from full custom unions to open or concealed preferential regimes. In discussing the relation of the idea of economic regionalism to the European Continent the difficult problem of balance of payments of the European Continent with relation to the rest of the world, should not be ignored.

Investigates the status of the European Economic Community (EEC) monetary policy. Criticisms against the lack of move by the EEC to enact a regional unit of currency and capital market; Provisions of the Community's Barbe Plan.