We invite other countries to pool their technological resources in this
undertaking. Their contributions will be warmly welcomed. This should be
a cooperative enterprise in which all nations work together through the
United Nations and its specialized agencies wherever practicable. It
must be a worldwide effort for the achievement of peace, plenty, and
freedom.
With the cooperation of business, private capital, agriculture, and
labor in this country, this program can greatly increase the industrial
activity in other nations and can raise substantially their standards of
living.
Such new economic developments must be devised and controlled to benefit
the peoples of the areas in which they are established. Guarantees to
the investor must be balanced by guarantees in the interest of the
people whose resources and whose labor go into these developments.
The old imperialism--exploitation for foreign profit--has no place in
our plans. What we envisage is a program of development based on the
concepts of democratic fair-dealing.
All countries, including our own, will greatly benefit from a
constructive program for the better use of the world's human and natural
resources. Experience shows that our commerce with other countries
expands as they progress industrially and economically.
Greater production is the key to prosperity and peace. And the key to
greater production is a wider and more vigorous application of modern
scientific and technical knowledge.
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