George D. Woods

"Hope," said Sir Francis Bacon, "is a good breakfast but it is a poor supper." The 1960s began with hope for the economically underdeveloped countries, but it is becoming uncertain how they will end. Unless the Development Decade, as President Kennedy christened it, receives greater sustenance, it may, in fact, recede into history as a decade of disappointment. The amount of finance moving from the developed to the underdeveloped world is not rising; and the present trend is for the growth of the low-income countries slowly to lose momentum.