A Substitute for Imperialism

September 1941
New Republic;9/8/41, Vol. 105 Issue 10, p297
Discusses the broad outline of one of the vitally important relationships of the post-war period, the possible attitudes of the leading powers toward one another and toward the so-called backward regions of the earth, in the financial and economic sphere. Effort to build fullest collaboration between all nations in the economic field with the object of securing, for all, improved labor standards, economic adjustment and social security; Attempt to create a new order in foreign trade and investment which is broadly international in origin and worldwide in scope; Description of principles of the new order scheme; View that foreign investment, which implies development and utilization of resources, should either be made by governments or should be under control of the administrations of the two countries involved; Objective underlying international financial movement would be, not to make the maximum percentage of profit per year on the money invested but to establish on a rising spiral the standard of living and of services offered to the inhabitants of the country to which the money was going.


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