beryl sprinkel speaks for the reagan administration.n governments recognize a particular set of policies are in their interest, they're very likely to move in that direction. the difficulty is getting them to do something which is against their interest. they won't do it. we won't do it. but working together you can make some progress and i think we have done so over the past five years. five months after the bonn summit, the u.s., japan, france, britain, and germany announced a coordinated effort to reduce the u.s. dollar's value. the move was a promising effort to ease the u.s. international trade dilemma and possibly create more american jobs. but major problems remained. by 1985, the united states was running $200-billion budget deficits. but half the economic stimulus, the u.s.trade deficit, was going overseas and any effort to contain this deficit or promote continued growth would have major world impact. we asked economist richard gill why the international aspect was important. the international aspect is so important because th