Word: asia
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Dates: during 1960-1969
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...defeat the imperialists if one accepts compromise with them"-which in the context of the Sino-Soviet quarrel was a clear slap at Moscow. The Prince's maneuver was Orientally scrutable: he feels that "the irresistible march forward of the Chinese people" is certain to sweep all Asia. By riding with the Chinese tiger, he hopes to avoid being gobbled up. It is likely to be quite a ride...
...Gauls, of course, is the recent triumph of English. Time was when French was the tongue of "international"-meaning Continental-diplomacy. The 20th century's two world wars, however, helped shift international politics to a global arena, and the emergence since of dozens of independent powers in Asia and Africa has completed the process. French is still popular within the purlieus staked out by France's masterful 17th century diplomat, Cardinal Richelieu; it is used in Common Market areas * and is popular among Eastern European emissaries...
...nations sent delegates, including a 14-member U.S. team led by Assistant Treasury Secretary Merlyn N. Trued and-remarkably-a high-ranking, five-man delegation from the Soviet Union. All of them came to Bangkok last week to set up a $1 billion Asian Development Bank to help lift Asia from its morass of poverty. Its purpose: to finance such economic necessities as power, ports, railroads, water supply and industry...
Undecided Russians. The bank, which will be a regional version of the World Bank, will start off with modest aims, considering the problems that Asia faces. It will make only businesslike loans (for 20 to 25 years at 5½%), thus placing beyond its range such grand designs as President Johnson's proposal that the Mekong River be transformed into an Asian TVA project. The bank's capital will be chiefly in hard currencies supplied by governments. Most of the money has already been pledged: $200 million each from the U.S. (subject to congressional approval) and Japan...
Unique among postwar efforts to aid the world's poor, the new bank-a brainchild of the U.N.'s Economic Commission for Asia and the Far East-was inspired largely by Asians themselves. In contrast to the U.S.-led World Bank and the U.S.-dominated InterAmerican Bank, it will be run largely by Asians. At Bangkok this week and next, the sponsoring nations are expected to decide how the organization will be set up and where it will be located, thus paving the way for a ministerial meeting to be held Nov. 29 in Manila to sign...