DISCUSSION.

Professor C.F. Remer of University of Michigan refers to a matter of the utmost importance; namely, that economic development in the Far East must be considered in its political and social environment. In emphasizing this view, attention is given somewhat more specifically to the interrelations between economic and political and social factors. Economists interested in foreign economic development must be concerned not merely with the political and social setting within which such matters as changes in the standard of living and national income are determined, but with the influence of these changes on political and social organization. In the case of a country such as China, economists may hope for the accomplishment of three major objectives: the achievement of a rising national income; an increase in the standard of living of people generally and the establishment of economic conditions which will contribute internally toward democracy and social unity, and externally toward international collaboration.