TITLE

A POSITIVE APPROACH TO ECONOMIC AID

AUTHOR(S)
Galbraith, John Kenneth
PUB. DATE
April 1961
SOURCE
Foreign Affairs;Apr61, Vol. 39 Issue 3, p444
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses the new feature of the American foreign policy to give economic assistance on a regular and organized basis to poor countries. The policy was passed during the rein of the United States President Harry S. Truman in 1949. The policy promises to help the less fortunate countries of the world to escape from poverty and to place themselves on a path to self-sustaining growth. The prime difficulty of the aid was that it was based on a convenient but largely erroneous view of the requirements for economic development. This attitudes toward aid would have a further consequence. This would allow and encourage poor selection of the objects of aid, disperse the limited energies of the aided country, encourage a lack of continuity and preclude any real test of performance. The positive features of the policy are--it sets achievable but firm goals for the country which are seeking development, and it seeks the removal of all of the barriers to advance in the particular country.
ACCESSION #
14719865

 

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