Nine nations—Cambodia, Nationalist China, Indonesia, Japan, Korea, Laos, the Philippines, Thailand and Viet Nam—got $767 million in U.S. economic and technical assistance in fiscal 1956, the International Corporation Administration reported last week. South Korea, which maintains 20 army divisions, got the biggest slice: $327 million.

The figures underscored a dramatic eastward shift of U.S. economic attention. In 1953 Europe got 66% of the nonmilitary aid and Far Eastern nations only 12%. In fiscal 1956, Asians received a whopping 58%. Non-Communist Europe, with its technical and economic houses clearly more in order, was down to 8%.


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!