VENEZUELA: Good Neighbor in Action

Last November Nelson Rockefeller went to Rio de Janeiro on business of hemispheric importance: to translate Good Neighborliness from words to deeds. Through his American International Association for Economic and Social Development (TIME, Nov. 25), he proposed to increase Brazil's production (especially of food), thereby increasing Brazil's capacity to buy sorely needed U.S. goods, which the U.S. sorely needs to sell.

Last week, at the invitation of Venezuela's New Dealish Government, he set out to do the same for Venezuela. As in Brazil, corporations with mixed U.S. and Venezuelan capital (plus Venezuelan Government aid) will invest in specific projects to...

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