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Published online by Cambridge University Press: 24 October 2022
The pacific region contains two of the countries of the world with the highest GNP. The United States dominates the Americas; Japan comes closer every day to achieving the same position in regard to the countries of Southeast Asia. At one conference of Asian Ministers of Foreign Affairs, Japan promised to raise its aid budget to the developing nations to 1 per cent of her GNP by 1975, but at the same time called upon the other countries to try to solve their problems on their own, by making adequate use of economic aid.