U.S. ECONOMIC CO-OPERATION
Sir, —One can agree with the cautious comment of English newspaper* that too much should not be expected from the United States in economic co-operation. In any case the outside world often asks for action it would not take itself. Take international investment in undeveloped countries. For over 100 years Britain invested thousands of millions in this way. After disposing of vast sums to save itself from extinction, Britain is now faced with barefaced attempts to misappropriate the rest without compensation. That is not an encouraging example for anyone else exhorted to do the same thing. What would New Zealand do if the outside world were to tell us that we were fortunate enough to have large exports and should invest £10.000,000 yearly for 50 years in developing backward countries? Would the people of this country like to think that £500,000,000 of the products of New Zealand labour had been thrown away without any return. —Yours, etc., SPECTATOR. June 12, 1953.
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Press, Volume LXXXIX, Issue 27065, 13 June 1953, Page 3
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164U.S. ECONOMIC CO-OPERATION Press, Volume LXXXIX, Issue 27065, 13 June 1953, Page 3
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