Bowles Urges Bold Seven Point Foreign Aid Plan
Former Ambassador Chester Bowles told the Tea Association convention that U S aid to underdeveloped nations is timid and inadequate. He outlined seven approaches to build political and economic strength in Asia Africa and South America, urging broader action within our means and highlighting grants as a small fraction of current expenditures.
MENTIONED IN THIS ARTICLE
Bretson Woods
N.F
Chester Bowles
Free World
Bowles
Connecticut
India
Vention
The
Tea Association of the
United States
Asia
Africa
South America
Hmit
U.S
America
Bowles urges broader world aid and new finance role
Bowles calls for expanded US aid to underdeveloped nations and stronger World Bank action, including an international finance corporation to lend to private firms. He warns current policy risks slowing global trade and invites direct economic grants while criticizing past reluctance to act. A Nicaragua proclamation triggers a 25 to 30 percent drop in retail and wholesale trade.
MENTIONED IN THIS ARTICLE
World Bank
International Finance Corporation
Bowles
World Development Advisory Board
Nelson Rockefeller
United States
Nicaragua
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