WEST GERMANY: The Sacrifice

With all the world talking about the urgent importance of granting economic aid to developing countries, the quiet man off in the corner has been the Federal Republic of West Germany. West German gold and foreign-exchange reserves have shot up to a whacking $6.5 billion (British holdings: $2.8 billion), and West German exports now top those of every other European country. Yet since 1956 the Germans have spent just $60 million altogether in technical aid. Last week when the nine-nation Development Assistance Group met in Bonn, the U.S.'s Assistant Secretary of the Treasury T. Graydon Upton bluntly told his German...

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