Search

The sombre picture of the economic situation in most developing countries, and not least in Africa, has become increasingly familiar in the last two or three years. Foreign aid is at best not increasing and the terms on which it is offered are hardening. There has been little or no relaxation of the obstacles to increased trade between the developed and the under-developed world. The growth of many poor countries has been limited; and, indeed, within the developing world, the gap between those at the top and those at the bottom is growing, as is that between the developed and the under-developed world as a whole. [ABSTRACT FROM PUBLISHER]

The article discusses the opportunities for developing countries in the face of global recession. It notes that the only possibilities for the economic growth of developing countries are economic reform and participation in international trade. It stresses that aid cannot be a substitute for investment, but a tendency to hinder the growth in African nations.

Se presentan noticias que tratan de la economía internacional. Se dan pronósticos para el comercio mundial en 1962. Las perspectivas eran buenas, y se esperaba una tasa de crecimiento mejor que 1961. Se dan datos sobre ayuda exterior recibida por África en 1960. Se rezagaba el desarrollo económico de los países subdesarrollados.