Venezuela: Progressing pn Its Own

One country was conspicuous by its absence from the list of nations receiving increased Alianza aid: Venezuela. With its close cooperation between government and industry (see WORLD BUSINESS), the oil-rich nation is in the happy position of not needing massive infusions of U.S. dollars; in the judgment of economists, it is already past the takeoff point and able to generate its own momentum for progress. The proof? While President Johnson was speaking in Washington last week, Venezuela's President Raul Leoni went be fore his Congress in Caracas to announce a four-year, $850 million public spending project.

The program, supplementing Venezuela's...

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