ASIA: Where the Money Goes

"In less than three years," said John Foster Dulles, before flying off last week to a gathering of the Southeast Asia Treaty Organization in Canberra, "SEATO has become firmly established and has made a positive contribution to peace and stability." His words were a little optimistic for an organization whose initials may sound like NATO, but unlike NATO is only a paper pact without an armed force of its own. More impressive than Dulles' words is the fact of his strenuous trip, meant to show that despite all of the demands of Europe and the Middle East, Asian defense rates...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!