The Politics of World Hunger: Grass-Roots Politics and World Poverty

By Paul Simon; Arthur Simon | Go to book overview

14
Profits Abroad

If the United States makes possible new development opportunities for poverty- ridden nations by giving them trade preferences--if both we and they are to benefit from the comparative advantages of each--then U.S. investments abroad must grow and return profits in order to at least partly offset resulting trade deficits.

Total U.S. investments abroad climbed from $32 billion in 1960 to $86 billion in 1971, when they returned $10 billion in earnings to the United States. According to President Nixon's Council of Economic Advisers, those earnings will reach $17 billion by 1975. When trade deficits are measured against these profits, the financial balance solidly favors the United States. In view of this we may ask: Is it worthy of our nation, with a national output more than double that of the entire underdeveloped world, to deny poor countries fair trade?

The answer obviously is no, and that means we must offer trade preferences. Trade preferences, however, not only justify but necessitate U.S. investment profits in other countries. The crucial need in that case is to build investments abroad with-

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The Politics of World Hunger: Grass-Roots Politics and World Poverty
Table of contents

Table of contents

  • Title Page v
  • Contents ix
  • A Note to the Reader xix
  • Part 1 - Hunger, Population, and Poverty 1
  • 1 - Establishing a Point of View 3
  • 2 - The Hungry Majority 19
  • 3 - The Poor Have More 45
  • 4 - A Widening Gap 71
  • Part II - The Way Out 79
  • 5 - The Development Struggle 81
  • 6 - Agricultural Development 91
  • 7 - Industrial Development 98
  • 8 - Trade 104
  • 9 - Economic Assistance 109
  • 10 - Models of Development 114
  • 11 - Food or Clean Air ? 129
  • Part III - U.S. Policy 143
  • 12 - The Rediscovery of America 145
  • 13 - Trade, Free and Fair 154
  • 14 - Profits Abroad 161
  • 15 - Foreign Aid: a Case of Intentions 167
  • 16 - Let Them Eat Missiles 183
  • Part IV - A Program for Action 195
  • 17 - Proposal for Global Development 197
  • 18 - Political Nuts and Bolts 213
  • Index 239
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