Remarks by J. Speed Carroll

Abstract

I would like to address myself to some of the issues of nationalism which I think are implicit in the developments we have seen not only in the mineral field, but also in industrial and economic fields. We seem to be entering into what might be called a third generation of relationships between developed countries and the developing world. As has been pointed out, the day in which the major commercial interests of the metropolitan powers constituted very much a Taw unto themselves has given way to a transitional period marked by hostility and uncertainties in relations between the representatives of the industrialized and the developing nations. Such times are characterized by mutual suspicion and even now hardly a day passes that we do not read about some threatened or actual takeovers, whether it be foreign insurance companies in India or copper mines in Chile.