The Americas: Alliance in Danger

In conceiving of the Alliance for Progress as a bold ten-year program to develop Latin America, planners counted on massive U.S. Government aid—but also on at least $300 million a year in direct U.S. private investment. Instead of plunging in, U.S. investors are pulling out of Latin America; in the first nine months of 1962 brought home $37 million more than they invested. From three sources last week came ringing indictments of the Alliance and its failure to generate any enthusiasm among businessmen.

Profits Low, Risks High. The first indictment came from the 26-man Commerce Committee for the Alliance for Progress...

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