TEODORO MOSCOSO

I would say as emphatically as I can that private enterprise—local and foreign—must respond if the Alliance [for Progress] is to succeed .... [it] must respond by building the factories, the marketing and the service companies which are the manifestations of mature, developed economies. If the private sector fails, then our own public aid programs will have little effect.

All that Latin America needs is a friendly climate for private enterprise. This view disregards the need for building roads, ports, power plants and communications systems which must be built at least in great part with public funds and which in many areas are a prerequisite for the effective and profitable investment of private capital.

All that Latin America needs is a friendly climate for private enterprise. This view disregards the need for building roads, ports, power plants and communications systems which must be built at least in great part with public funds and which in many areas are a prerequisite for the effective and profitable investment of private capital.

I would say as emphatically as I can that private enterprise—local and foreign—must respond if the Alliance [for Progress] is to succeed .... [it] must respond by building the factories, the marketing and the service companies which are the manifestations of mature, developed economies. If the private sector fails, then our own public aid programs will have little effect.