ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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The New Commission Agents

THE annual Fund-Bank meetings are now reduced to a meaningless chore. The pattern is almost predictable every year. Robert McNamara waxes clo- quent over the growing immiserisation of the poor countries, and urges the rich Western ones to make available a greater proportion of their resources than before for alleviating part of that misery. Naturally, he wants his own institutions to be the sole channel of whatever additional funds thus become available. At this year's annual meet, in addition to his standard listing of the various maladies afflicting the developing nations, McNamara drew particular attention to urban poverty. But the developed nations have no time for such pleas. Year in and year out, the overall transfer of resources from the rich Western nations to the underdeveloped world has been dwindling

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