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Daily Review in Hayward, California

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Articles on This Page

This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Daily Review

Location

Hayward, California, United States of America

Date

Mar 17, 1968

Page

4

Dollar Troubles Threaten Trade and U S Foreign Aid

Washington reports the dollar’s weakness endangers world trade and U.S. foreign aid. Speculators, balance of payments deficits, and protectionist pressures threaten earnings from exports while devaluation pressures grow. President Johnson’s 1960 plan aims to cut deficits and boost exports despite criticism from allies.

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Calculated Risk U.S. Accused Of Mismanagement By PROF

Virgil Solera quotes a professor criticizing U.S. fiscal policy and dollar reliance. The piece links monetary upheaval to public spending, deficits, and development aid, arguing Washington gambled with the dollar's strength and global trust. It references World Bank remarks and a New Delhi conference on trade and development.

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Leadership, aid and policy as factors in development

A scholar notes that leadership in developing nations is a key constraint, while aid policies from rich countries mirror their own concerns. He argues aid funds largely serve the donor’s interests, with budget pressures and the Vietnam War shaping domestic spending and foreign aid. He warns that postwar priorities may shift to domestic programs if the war ends.

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