Collado, Emilio G.
July 1963
Foreign Affairs;Jul1963, Vol. 41 Issue 4, p708
Academic Journal
The article presents a discussion about economic development through private enterprises. The author of this article says that more rapid development for the less developed areas of the world is something which most of us in the U.S. want very much. We want it for humanitarian reasons and we want it because we believe it is in our national interest. There is, therefore, great public concern about our programs of assistance to developing areas and in recent months there has been considerable discussion of the appropriate roles of Public assistance and private international investment in contributing to economic development. These are important issues; but it is also important to keep them in perspective. In fact, the policy discussions in the U.S. now focus on how our aid may best contribute to development when taking into account the effects of that aid on the developmental efforts of the countries concerned. The desirability of aid has not been at issue. Despite differing views on how large our aid appropriations should be, there does seem to be a consensus in the U.S. that it is wise for our Government to assist selectively the less developed areas of the world.


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