ABSTRACT
Short-sightedness looked like bringing back old-fashioned charity, which meant, said the magazine, either grants of basic necessities or long-term loans which would probably never be repaid. Instead, there should be 'cooperation': 'a much more potent and lasting form of assistance: mutual aid by reciprocal endeavours to expand mutually advantageous trade'. The challenge to the economic arm of the new United Nations Organisation was clear: 'An international economic body without a policy for international expansion, would be as dangerous an anachronism as a national government without a policy for full employment.'6
