The carter administration also faced challenges along a broad array of international economic issues. Among the most prominent were slowed economic growth, mounting protectionist pressures, galloping inflation, a besieged dollar,and skyrocketing oil prices. The primary thrust of carter’s international economic policy lay in efforts to establish multilatilateral management systems. Annual economic summit attended by leader from the most advanced economies were one device carter tried to use for this purpose. great expectations were attached to a 1978 plan by which the german and japanese economies would follow expansionist policies that would pull the remainder of the world's economies out of their economic doldrums. the "locomotve theory" was derailed, however, by rising douvts about the calue of the dollar.