North American Congress on Latin America (NACLA), 475 Riverside Drive, Suite 454, New York NY 10115, Tel: 212-870-3146.

Yanqui Dollar: The Contribution of U.S. Private Investment to Underdevelopment in Latin America. 1971. 64 pages.

NACLA began in 1966 and quickly became one of the most important research organizations to emerge out of the U.S. student movement. Through the mid-seventies their publications concentrated on the role of U.S. corporations and foreign policy in Latin America, with special emphasis on U.S. universities, development policy, police training, and CIA covert activities. Reports were well-researched, with more facts than analysis.

This report discusses how U.S. development agencies place themselves at the service of U.S. corporate profiteering. It concludes that foreign investment has not stimulated growth in Latin America, but actually impedes redistribution of wealth.



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