here has been much talk over the years of<br > hemispheric projects, of efforts on a hemi-<br >spheric scale, of hemispheric reform and develop-<br >ment. The Alliance for Progress was such a plan,<br >based on Latin American ideas and on Latin Amer-<br >ican self-help and reform. It was not meant to be a<br >U.S. program for Latin America.<br > After eight years of the Alliance for Progress<br >there was an accounting.<br > The United States spent $8 billion. Latin America<br >desired to industrialize. To do so she had to step up<br >her imports of modern capital goods, technology,<br >and managerial skills. These had to come mainly<br >from the industrial nations, as they were only par-<br >tially available from within the region. To import,<br >Latin America had to be able to export. That is the<br >basic way to increase foreign exchange.<br > But Latin America s position in world markets<br >
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