| The Alliance for Progress can serve as a | | | | material manufacture. 90% of the territory, |
| specific example of how transformation, when | | | | which was supposed to be the major basis of |
| related to a certain instructional location | | | | profits for countries in Latin America |
| and policy difficulty with lack of the | | | | because of extreme productivity, was held by |
| impartial investigation, can end up being a | | | | 10% minority and used mainly for speculation |
| complete failure. A large number of | | | | being set aside. Besides that, a steady drop |
| objectives placed by the Alliance was not | | | | in values for the unrefined material had made |
| simply a random selection; in its place, a | | | | the economic condition in Latin America even |
| number of experts, policy makers, and | | | | worse than is used to be. Coffee, which is |
| advisors have been working with the plan and | | | | the main source of income in countries of |
| selecting proper means for reaching them. | | | | Latin America as well showed a stable |
| Actually, the examination conducted was not | | | | decline. A decline in price in |
| satisfactory. Coalition for Progress was a | | | | intercontinental prices on coffee with 1 cent |
| result of the change in the U.S. principles | | | | caused losses of $50 million for countries of |
| started by Kennedy Administration which never | | | | Latin America, while starting with 1954 the |
| succeeded. The Coalition for Progress | | | | prices went up than twice. As a result, the |
| became a serious letdown of the Kennedy | | | | rate of increase for Latin America went |
| Administration, because it has grown but | | | | stridently down. Although in 1940-1950 it |
| still was powerless to accomplish the serious | | | | reached the point of 3.5%, around 1960 before |
| aims set by the plan. The crucial reason of | | | | the Alliance for Progress, the rank barely |
| the failure was inability to approximate the | | | | reached 1%. With the intention of correcting |
| range of the problems in Latin America and, | | | | the situation, the Alliance for Progress |
| therefore, impartially estimate the results | | | | developed $20 billion into foreign help to |
| that would be appear after the foreign asset | | | | make sure that the rate growth gets to at |
| of the $22.3 billion. The annual profits per | | | | least 2.5%. It has to be further noted, that |
| capita in Latin America in 1960s was around | | | | intention has never been achieved to the |
| $200 while economy was concentrated on raw | | | | full. |