Black. president of the World Bank. is an excellent review of the program to extend foreign aid by loan instead of handout. and of the present accomplishments of the World Bank and its future potential not only in the economic development of other nations. but in building a world economy which will provide new markets for Americas constantly increasing capacity to produce: (By Eugene R. Black. president of the World Bank) I think Americas attitude toward the problems of the underdeveloped world is going to be an increasingly important factor in the fight of free men to withstand and throw back the incursions of Soviet communism. The fears and hopes of the refugees living in squalor on the outskirts of Karachi and New Delhi. the yearnings of farmers scratching out a poor existence in Guatemala and Nicaragua. the dreams of the slum dwellers in Baghdad and Beirutthe aspirations of all these people are no longer of just local or regional importance. They have a relationa very direct relationto the realization of our own American dream. As we look at the free world today we must be struck by the fact that underdeveloped countries constitute at least twothirds of it.
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refugees