Private Foreign Investment and International Organizations

Abstract

More rapid industrial and agricultural development of the economically underdeveloped three-quarters of the globe is the most important long-run task in international relations, with the sole exception of avoiding major warfare. While economic development depends primarily upon domestic efforts to marshal and direct resources, both human and material, the marshaling and direction of supplementary external resources can assist materially in attempting to achieve that objective. While the major external resources necessary to supplement domestic efforts will continue to be governmental and intergovernmental assistance, there has been for some time now, and will doubtless continue to be, a substantial insufficiency of such resources.