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> & ) oid of 2 peroimt a yoar, leaving a net inoroase in personal stwderds of living of about 1 poresnt, or about $1e20 por poreon lest year = less than a third of a« ponny a daye » How much additional investment in underdeveloped oowmtries is meoded if ade quate progress is to be made? bY. Hoffrm recently suggestod that tho underdsvoloped countries during the next ten years sould absorb a five billion dollar toolmiocal assigtence progren mid $50 billion of outside cepiteal in addition to whet thoy are now getting from cutside sow'ces (ourrently estimated et about $$ billion a year). % wiless there is disarmenent end the savings are epplicd to this program, chances ero that future expenditures on these progrems will not be increased = end, in faot, may well be decreased. ; The U.S. has elroady promised large-scale help = if and when disarmymont ocourse Said Prosident Eisenhower in 1953; "This government is ready to ask its people to join with all nations in devoting a substential percontage of my savings eohieved by real disarmament to a fimd for world aid and reconstruotione" U.S. opposition ta the proposed Special UN, Fumd for Economic Development (SUIFED) has continually bern based en the grounds that, at tho present time, SUIFED is impractioal beccuse the demands of defonse cell for such vast amounts of the world's resources thet finds are Sinply not available for both. With the savings from disarmamcnt, presumably the U.S. vould be willing to mova forward to attack this issue on a grend etolo. Yineb Is Nectod, Pease is a challenge. It can be won or lost. It is true thot, be tho president of General Dynanies Corporation” seid revently, "If...there should be my sudden md drastio reduction of defense expenditures, we should have the most serious dorestic. repercussions." Certainly, ery wholesale cancelletian of military sontrusts would ereste chaose But plmuing for peace could do moh to lesscn ths intrest of contract cencollations and the reconversion of the esoncm to psacctixe Predoviche Probsbly the most besio necd in the area of economic reoonversion is that of plonzins. If it were knowm that the naticnal government were meking plms for oo newic reconversion, this lmowledso in end of itself might be sufficient to preva wry future “peacs scares" on Wall Street. But, of course, it would do mora. It would assuro workers, industries, cormmities that the impact of cutbacks rould be lessened. Certainly, reocnvorsion could not be m overnight offeir, just as dis- artTisromt will not take placo betreen dusk and darn. Thore would be many problems « Industrial emd humin = in reoconversione Tho production of rofripgsretors is after oll quite a bit efferent fron the produc tion of tanks =» differcrt metorials are used, differcat sicills are required, different tools ore nscded, On of the contributions vhich the Padaral Government could meke is to initiate Pleonin: on this subjett so thet tho ohilicnges which disarncment say meso on thy Somostic come mgr bs vacwod without fect or alvte Such eVert acd plreucing is Called for befors diseriaant takes places (ind psycielapiestly 2% might be impnis tent tr ba able to ro te a Girerianemt conferences propered to say: "Wo'ro cil in fever oP wriversal, aurntyclicd disatmoamut, and wo have plans ready for the recon= Verso. of our delonue pints to poatebiue production, if we om roach as cemoat.") y. . ~ 2s : . . * “¢ PO one Ene whom diesameenent way Losoma eo vonidi.-. But said Dre Grover Exslouy ¥