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4.

Some industrial countries have indicated that they would prefer that all Annual meetings be held in Washington to reduce costs. There is some merit in this, but there is obviously a special case for holding the meetings in Hong Kong in 1997. Also,

it is not clear that developing countries would accept all of the Annual Meetings being held in Washington. Suggestions along these lines from the US or from the Germans, who hosted the 1988 Annual Meetings in Berlin, are particularly likely to developing countries.

antagonise

!