1. UNITED STATES POLICY AND THE PROBLEMS OF DEVELOPING COUNTRIES.
- Author
-
Johnson, Habry G.
- Subjects
ECONOMIC policy ,ECONOMIC activity ,DEVELOPMENT economics ,DEVELOPING countries ,ECONOMIC development ,EMERGING markets - Abstract
This article focuses on the economic policy of the U.S. and the problems of developing countries. In the international sphere, the establishment of the common market has prompted a rethinking of the U.S. position in relation to Europe and has evoked basic changes in the U.S. commercial policy, expressed in the passage of the Trade Expansion Act. The U.S. thus faces an international political situation that will oblige it, and that in the not very distant future, to make concessions in its policies toward the developing countries, with the pressure both of their demands and of competition with the European countries. The U.S. policy in assisting the development of the less-developed countries has been based, ever since the commitment to such assistance was first undertaken, on the principle of giving capital grants and loans to the less-developed countries, coupled with various types of technical assistance in making effective use of the aid. In the early years of thinking about and planning for the economic development of the less-developed countries, the U.S. emphasis on capital transfers and technical assistance meshed very closely with the prevailing ideas on what the development problem consisted in.
- Published
- 1965
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