The president of sprawling W. R. Grace & Co., which is the No. 1 banker, shipping line, manufacturer and trader on South America's West Coast, last week turned his businessman's brain and long Latin American experience to the worrisome problem of U.S.-Latin American relations, suggested some concrete ways to improve them. Speaking to alumni of the University of Pennsylvania's Wharton School of Finance and Commerce, Joseph Peter Grace Jr.. 45, noted the hemisphere's close ties, both economic ("It is the area where we have the largest direct private investment abroad—almost $9 billion") and historical ("Our people all came here,...
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