Foreign Aid: At Crisis Point

The storms that forever rage over foreign aid have all but obscured the fact that it is a relatively recent and radical experiment in international cooperation. Only for a couple of decades have the world's richer nations observed a general commitment to help the more than 100 less developed countries that embrace two-thirds of mankind. The results have been mixed, but there have been enough signs of success to merit strong support for the experiment. Yet after a year-long study sponsored by the World Bank, an eight-member commission headed by former Canadian Prime Minister Lester B. Pearson warned in...

Want the full story?

Subscribe Now


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

Learn more about the benefits of being a TIME subscriber

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