John B. Connally's Speech on International Economic Policy at the World Trade Conference Dinner, 1979-03-26

John B. Connally speaks at the World Trade Conference dinner, acknowledging the lack of a coherent International Economic Policy and the historical disregard for the importance of international trade. He criticizes the past attitudes of government officials towards deficits in trade and balance of payments, emphasizing the need for a more realistic and proactive approach to economic policy in a changing global landscape. He highlights the economic strength of Japan and Germany as examples of nations that have surpassed the United States in economic power.