Collective Self-Reliance is the descriptive term for a development strategy which has lately often been suggested as a means of overcoming underdevelopment. The question for us is whether it is to be treated as more than a slogan, which it is still today, and whether it really offers a possible...

The Overseas Private Investment Corporation (OPIC) has been officially in business since January 19, 1971. Its major purpose is to reorganise and widen the scope of programmes for the promotion of US private investment overseas in developing countries.

In September 1973, the President of the World Bank, Robert S. McNamara, made a challenging address to the Governors of the Central Banks of the member states of the international Monetary Fund. The main subject in his speech was the problem of poverty particularly in rural areas of developing...