Since the Eisenhower Administration took office in 1953, it has encountered one obstacle after another in its efforts toward freer trade with other nations. Last week, however, a whole series of developments made the slogan, "Trade, not aid," begin to ring a little truer.
New Venture. Most dramatic among the week's trade-policy developments was Treasury Secretary George Humphrey's announcement that he had approved U.S. participation in the International Finance Corp., an institution to be set up as a subsidiary of the World Bank (International Bank for Reconstruction and Development). IFC, brain child of the World Bank's President Eugene Black, will...
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