Abstract

Exploitation or Aid
Frank, Andrew Gunder | November 16, 1963 issue

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Does American aid and investment contribute much or little to, or even, Latin American economic development? The recent argument between the Brazilian and American Embassies on this question with respect to Brazil invites analysis and comment. The Brazilian viewpoint, expressed by its Embassy in Washington is that American aid is small and not altruistic. The American answer, delivered by U.S. Ambassador Lincoln Gordon in a lecture before the National Economic Council of Brazil is that in exporting capital the United States incurs great sacrifice and contributes significantly to the economic development of Brazil.

See Also:

ECONOMIC assistance; ECONOMIC development; INVESTMENTS; GORDON, Lincoln; LATIN America; UNITED States; BRAZIL
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