Trade and Aid : Eisenhower's Foreign Economic Policy, 1953-1961 / / Burton I. Kaufman.

• Author: Kaufman, Burton Ira.
• Place / Publishing House: Baltimore, Md. : : Johns Hopkins University Press,, 2019; ©2019
• Year of Publication: 2019
• Language: English
• Series: Johns Hopkins University studies in historical and political science ; 100th ser., 1.
• Physical Description: 1 online resource (1 online resource (xiv, 279 pages))
• Notes: The text of this book is licensed under a Creative Commons Attribution-NonCommercial-No derivatives 4.0 International License; Open access edition supported by the National Endowment for the Humanities / Andrew W. Mellon Foundation Humanities Open Book Program.; Originally published as Johns Hopkins Press in 1982

This book outlines the transition of U.S. foreign policy during the Eisenhower administration. In the years leading up to Eisenhower's election, America's predominant foreign economic program was based on the concept of "trade not aid," which deemphasized foreign aid and relied instead on liberalized world trade and the encouragement of private foreign investment to assure world economic growth. When Eisenhower took office in 1953, he embraced this doctrine. However, as problems in the Third World worsened, it became clear to Eisenhower and other architects of American foreign policy that trade and private investment were insufficient solutions to the economic woes of developing nations. In 1954 Eisenhower began to embrace economic aid as a core axis of his foreign economic policy. Burton I. Kaufman contextualizes Eisenhower's foreign policy leadership in the ongoing historical evaluation of Eisenhower's leadership prowess. He evaluates the outcomes of the Eisenhower administration's trade and aid program, arguing that developing countries were worse off by the time Eisenhower left office.

Table of Contents

Introduction -- Trade Not Aid, 1953-1954 -- The Transition, 1954-1955 -- The Soviet Economic Challenge, 1955-1956 -- Trade, Antitrust, and Oil Policy, 1955-1957 -- The Foreign-Aid Inquiry and Establishment of the Development Loan Fund, 1957 -- Trade and Aid: Reciprocal Trade, 1957-1958 -- Trade and Aid: Mutual Security, 1957-1958 -- Multilateralism and Regionalism, 1958-1959 -- The Balance-of-Payments Problem and Foreign Economic Policy, 1959-1960 -- the Final Fight over Foreign Aid, 1960-1961.