Protection of Investments in Backward Countries

Archive Report

Attacks on American Property Abroad

Members of the United Nations joined last December in unanimously proclaiming the current decade as “the United Nations Development Decade, in which member states will intensify their efforts & … to attain in each underdeveloped country a substantial increase in the rate of growth.” A second General Assembly resolution urged member states to give the program a realistic send-off by contributing to the U.N. Special Fund and to the organization's Technical Assistance Program.

The two resolutions, adopted Dec. 19, constituted a response to a proposal advanced by President Kennedy when he addressed the Assembly on Sept. 25. The President called for expansion and coordination of existing U.N. efforts to promote economic growth, so that “development can become a cooperative, not competitive ...

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