Word: nehru
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Prime Minister Nehru observed recently that Asians see today's world divided not between Communists and anti-Communists but "haves" and "have-nots." He includes the southern Asians in the latter group. Rising though it does from their desperate poverty, their demand for social and economic reform is keener because of the example of China's startling industrial expansion. Nehru sees this as a challenge to democracy to achieve equal progress without coercion, but in other countries it seems to be felt as a challenge to which democracy has no answer...
...restore constitutions and democratic government with the passing of the emergency that brought them power, there is no guarantee that they will do so. Like Mirza's, their authority is revolution. Sympathetic to the West and benign to its own people as General Ayub's government may now appear, Nehru has reminded the United States that it is not accurate to maintain that Pakistan still belongs to the free world...
...only to stray a few steps beyond this facade to see nagging reminders of that other India-the India of bullock-drawn carts, and hovels and beggars, the teeming, tumultuous India of grinding poverty that has become the Bank's biggest customer. India's Prime Minister Jawaharlal Nehru warned the delegates on opening day: "The changes of the last few years have unleashed a giant. Asia does not want to continue as a starving continent living on the verge of subsistence." The giant, said Nehru, had been kept down for 150 years. "Tremendous urges are coming up. These...
...Nehru's opinion, the "major division of the world today" is that between the developed and the underdeveloped communities, and the fact is that, comparatively, the poorer nations are getting poorer, and the gap between have and have-not is widening. "Whether you talk of a Communist state like the Soviet Union, which has become an industrialized state, or of many non-Communist states that are highly industrialized, in the final analysis they worship the same go(js-the god of industrialization, the god of the machine," and it was up to those present to help solve the economic...
...Proposals. Then the bankers took over-men by no means indifferent to Nehru's appeal, but aware of other necessities too. Bearing a letter from President Eisenhower urging help to the impoverished giants of all continents, U.S. Treasury Secretary Robert Anderson proposed that member countries increase their contributions to both the World Bank, which lends money to its members at regular bankers' rates, and to the IMF, whose funds are available to shore up sagging national currencies in an emergency. Backing Ike's suggestions, the boards of governors of both Bank and Fund agreed unanimously to boost...