Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1961-05-19

Importance, such nongovernmenta
organizations could provide assist
ance in Strengthening existing COLI
leges and universities in Latin
America and to the establishment
of new ones"
Business leaders here and in La
tin America were particularly urg-
ed to consider "the great contribl-
Fourth, the report called for the
United States to give urgent at
tention to ways in which the Latin
American countries may be assur-
ed of a rising trend, and greater
stability of export earnings" Spe-
officially, il suggested that the In
ternational Monetary Fund should
be active in using its increased re-
serves to ease the effects of tenn
porary exchange shortages; tn
barriers to imports from Latin A
merica be lowered gradually but
promptly: and that we urge the
North Atlantic Community TO open
its markets to Latin America on a
low tariff. or nontariff, nondiscrim-
inatory basis. Also it suggested that
the United Staes "condiser partici-
patton in an international coffee
agreement along with the coffee ex-
porting countries if the agreement
gives reasonable promise of cush-
ioning a transition to free interna-
tional coffee markets"
United States policy, the group
states in its fifth recommendation
should encourage movements to-
ward economic Indignation in Lat
in America to achieve the benefits
of larger markets and increased
competition.
In urging, in its sixth recOmmen-
datiOn, an increased flow OF public
funds to Latin America from the
United States. the Committee stated
the uses to which these funds are
directed should include assistance
to the development of private en-
terprise-including small business,
through the creation of strengthen
ing of development banks, farm
credit institutions and private fin
ancial institutions. The report add
ed that public fund assistance
should be channeled increasingly
through international agencies, es-
pecially the Inter-American Devel-
opment Bank. European countries
also were called on to enlarge their
flow of capital funds to Latin A
merica.
Activities of United States bust
nesses in Latin America have been
extremely helpful to the host
countries" the report stated, and
urged in its seventh recommended
tiOn that the United States and La
tin American governments seek
in all feasible ways" to enlarge
the mutually beneficial activities of
United States businesses there.
Negotiation of tax sparing" trea-
ties with all Latin American coun-
tries that want to use the tax in
centive to attract capital was urged
by the CED group. United States
businesses were urged to adopt
policies that would identify them
with the communities in which
they operate. Specifically, it was
suggested that qualified nationals
be trained for higher managerial.
professional and technical positions
that economical sources of local
supply be encouraged; that, where
feasible, stocks of foreign subsidi-
aries be offered for public sale in
the countries where they operate;
and that such subsidiaries issue
regular. public reports on their OPP
erations as their parent companies
do here.
Turning to Latin American bust
nessmen in its eighth recOmmen-
dation, the group urged them TO
follow the outstanding examples
of some of their number in recogni-
zing their heavy responsibility in
Latin American development"
While "a new class of modern
businessman is emerging in Latin
America" the report stated, the
private enterprise that Is being