Barely two years old, Ghana is one of those raw, resource-rich republics that yearn to leap into a modern economy. Last week, in a prime example of how private enterprise can help a developing country get set for such a bold jump, the Kaiser Industries Corp. circulated an ambitious (3 Ibs.) blueprint for building a major aluminum industry from Ghana's two abundant, untapped resources: red bauxite (aluminum ore) and cheap water power. So enthusiastic was Ghana that it started work immediately on the $600 million project. To Kaiser went the first contract—$3,000,000 for site-clearing and design work.
The Kaiser plan, masterminded...
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