Evening star., 1960-01-07

to them.
Free World Peoples
Have Great Stake
We and our friends are. Of
course, concerned with self de-
tense. Growing out of this
concern is the realization that
all people of the Free World
have great stake in the pro-
greSS, in freedom, of the un-
committed and newly emerg-
ing nations.
These peoples, desperately
hoping to lift themselves to
decent levels of living, must
not. by our neglect, be forced
to seek help from, and finally
become virtual satellites Of,
those who proclaim their hos
tlllty to freedom.
Their natural desire for a
better life must not be frus-
trated by Withholding from
them necessary technical and
investment assistance. This
is a problem to be solved not
by AmearCia alone, but also by
every nation cherishing the
same ideals and in position to
provide help.
In recent years Americas
partners and friends in Western
Europe and Japan have made
great economic progress. Their
newly found economic strength
Is eloquent testimony to the
striking success of the policies
OF economic cooperation which
we and they have pursued.
The international economy of
1860 is markedly different from
that Of the early postwar years.
NO longer is the United States
the only major industrial
country capable of providing
substantial amounts of the re-
sources so urgently needed in
the newly developing countries.
To remain secure and pros
porous themselves. wealthy
nations must extend the kind
OF cooperation to the less
fortunate members that will in
Spire hope. confidence and
progress. A rich nation can
Tor a time, without noticeable
Damage to itself. purSure a
course OF self-indulgence,
making its single goal the ma
terial ease and comfort of its
own cltlZenS-thus repudiating
It's own spiritual and material
stake in peaceful and pros
porous society of nations. But
the enmities it will incur. the
isolation into which it will
descend, and the internal moral
and physical Softness that will
be engendered, will. in the long
term, bring it to disaster.
America did not become great
through SoftnesS and self
indulgence. Her miraculous
progress and achievements flow
from other qualities far more
worthy and substantial
adherence to principles
and methods consonant with
our religious philosophy
"a satisfaction in hard work
the readiness to sacrifice
Tor worthwhile causes
the intellectual honesty
and capacity to recognize the
true path of her own best
interests.
To us and to every nation
of the freeworld, rich or poor
these qualities are necessary
today as never before if we are
to march together to greater
security, prosperity and peace.
l believe the industrial coun-
tries are ready to participate
actively in supplementing the
efforts OF the developing coun-
tries to achieve progress.
The immediate need for this
kind OF cooperation is under
scored by the strain in our
international balance OF pay
ments. Our surplus from
foreign business transactions
has IN recent years fallen SUBJ
stantially short of the expendi-
lures we make abroad to main
tain our military establish
ments overseas. to finance
private investment, and to pro.
vide assistance to the less de-
veloped nations. In 1859 oul
deficit in balance of payments
approached 81 billion.
| Continuing deficits Of any
thing like this magnitude
would, over time, impair oul
own economic growth anC
check the forward progress oi