Abstract
Europe, the Far East is truly today an undeveloped economic frontier. There we find one and one-half billion people inhabiting lands which abound in unexploited riches and treasures of the earth. Those lands are inhabited by people who in their millions and hundreds of millions have yet to enjoy the fruits and goods of modern industry and industrial civilization. They are hungry for the products of American factories and workshops. They, in turn, have the raw materials which are needed throughout all the world today. What they lack is economic organization, social justice, and political stability. They have awakened to the realities of the twentieth century. They do not as yet have the tools or the instruments or the political conditions which will enable them to become a truly integral part of a modern and intelligently managed world economy.
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