Word: poore
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Dates: during 1970-1979
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Fran Lebowitz, author (Metropolitan Life): "Really, I'm against the idea that writers should be struggling and poor. I think there are other disciplines besides poverty...
Unfortunately, there seems to be little chance that these small steps will lead to any sustained effort by the rich nations to help the poor. Says U.S. Treasury Secretary W. Michael Blumenthal: "In view of our domestic problems, no substantial increase in assistance seems feasible at present." Many Western statesmen contend that the LDCs lack the infrastructure (roads, ports, dams, railways), political organization and expertise to use much more aid than they are now getting. Says West German Economics Minister Count Otto Lambsdorff: "I do not believe that a kind of Marshall Plan for the Third World-which today would...
...Marshall Plan involved far more than the mere ladling out of money: it committed the U.S. to aid countries that drew up detailed and effective plans to use the cash and goods for rebuilding. This coordinated planning is vital-especially since the task of promoting growth in the poor countries will be much harder than the reconstruction of Europe was; postwar Europe had the skilled work force and industrial base that LDCs lack. A new Marshall Plan ought to commit the U.S., Europe and Japan not only to give more, but to give more according to a comprehensive and effective...
...industrial countries should also join with the poor lands in agreements to stabilize the prices of raw materials such as copper, coffee, tin, bauxite and manganese. Partners in these agreements would set up common funds to buy and stockpile commodities when prices plunge, sell off the stocks when shortages send prices soaring...
...Marshall Plan for the developing nations would admittedly be imperfect. But consider the alternatives: for the LDCs, continued poverty; for the industrial nations, endless political threats and damage to their own economies. Rich and poor countries do not have to like each other to realize they have a common interest they cannot escape...