Thanks to hard work, ingenuity and sacrifice, in the 150 years of its history as a nation Italy has made enormous progress in the material conditions of life. We have experienced periods of booming growth. During the first fifteen years of the twentieth century per capita gross domestic product increased by 30 per cent.
The Bank of Korea will pursue its policy cooperation with other central banks more resolutely. It also needs to play an active part in the international discussions on such issues as construction of a global financial safety net and the framing of preventive measures against crisis recurrence.