Growing Support for Trade-Not-Aid Policy
Impending Review of U.S. Foreign Economic Policy
American foreign economic policy promises to become a subject of searching review and debate, later this year, when Congress takes up foreign aid legislation and legislation to renew the Reciprocal Trade Agreements Act. Both of the latter questions will enlist special attention as a result of the change of political control in the United States and as a result of growing agitation, in this country and abroad, for action that will permit a shift from foreign aid to foreign trade.
Evidence that the nations of Western Europe are chafing under a condition of continued dependence on American bounty has struck a responsive chord among members of Congress who are intent upon cutting foreign aid appropriations. ...