Latin America: Debut for ADELA

Businessmen the world over agree about the urgent needs of Latin America's economy, but the foreign investor's recent tendency has been to reduce rather than increase his commitment there. To speed the southward flow of capital and induce more wealthy Europeans and Japanese to help out, a blue-ribbon group of 100 free-world businessmen met in Paris to launch a development corporation for Latin America that is both private and multinational.

The new Atlantic Community Development Group for Latin America, dubbed ADELA, intends to invest primarily in medium-sized consumer-goods industries. It will also buy shares in other businesses that have...

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