THE worldwide fall in commodity prices has presented the U.S. and the West with a problem of alarming proportions. What should, or must, be done for those underdeveloped nations whose economies depend largely on sales of raw materials? The U.S. commodity index shows a 10% drop in prices in the last year alone. This squeeze has aroused anti-Americanism round the world and handed the Communists a golden opportunity for trade deals and political demonstrations such as those against Vice President Nixon. The price drop has also partially nullified Western aid programs; the United Nations estimates that a 4% drop...
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