Answers are grounded in this paper and cite their sources.
On 2 March 1961, Walt W. Rostow sent John F. Kennedy a memorandum. Endorsing a proposal made by Kennedy's Latin American Task Force, the MIT modernization theorist and newly appointed deputy national security adviser told the president that the time was right for launching a new “Economic Development Decade.” As he put it, “barring a catastrophe, it is likely that a good many of the countries in the underdeveloped world will, during the 1960s, either complete the take-off process or be very far advanced in it. When take-off is complete a nation may be poor but it is normally in a position to draw its external capital from private commercial sources.” Noting Argentina, Brazil, Colombia, and Venezuela as nations that could be weaned off what he called the “international dole,” Rostow argued that, through a massive transfusion of foreign aid, the United States could drive more than 80 percent of Latin America's “underdeveloped” population into “self-sustained growth.” Such a program, he added, would do more than reduce the poverty that led to social unrest and political instability. It could also have “enormous power in catching the public imagination in all countries” and would keep the “underdeveloped” areas “off our necks as we try to clean up the spots of bad trouble.”1
No takes yet. Share an insight, caveat, or question.
Michael Latham (1998) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: