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The Colombo Plan: A Case of Regional Economic Cooperation

Published online by Cambridge University Press:  22 May 2009

Antonin Basch
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Abstract

The Colombo Plan has been defined as “a cooperative plan to enable members to help one another through bilateral arrangements for assistance, both capital and technical. Its objective is to raise the standard of living by accelerating the pace and extending the scope of economic development in the countries of South and South-East Asia with special emphasis on the production of food.” Frederick Benham, British economist and student of the Plan, has called it “one of those voluntary and flexible arrangements based on goodwill which are not subject to any formal rules—it is not really a plan at all. It may be regarded as an envelope covering the development programs of member countries in South and South-East Asia.”

Type
Articles
Information
International Organization , Volume 9 , Issue 1 , February 1955 , pp. 1 - 18
Copyright
Copyright © The IO Foundation 1955

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References

1 The Colombo Plan for Co-operative Economic Development in South and South East Asia: Report by the Commonwealth Conmltative Committee, London: September-October, 1950. United Kingdom, Cmd. 8080Google Scholar .

2 The Colombo Plan…, cited above, p. 62.

3 “It is…desirable that the flow of capital should not be arranged in a manner which involved such burdens of future repayment as would frustrate the purpose of stimulating an expansion of trade.” Ibid.

4 Ibid.

5 United States, Department of State, Report of the Consultative Committee on Economic Development in South and Southeast Asia: Fourth Meeting at Karachi, Pakistan, March 1952, Publication 4650, p. 61Google Scholar .

6 This figure, it will be noted, is substantially higher than the originally estimated cost (see p. 4 above). In part, this is due to revision of estimates; however, the figure here cited also includes countries not included in the original estimate.

7 The Colombo Plain. The Second Annual Report of the Consultative Committee on Economic Development in South and South-East Asia, New Delhi. October 1953, London, Cmd. 9016, p. 87Google Scholar .

8 The Colombo Plan Technical Co-operation Scheme. Report for 1953–1954 by the Council for Technical Co-operation in South and South-East Asia, Colombo, July 1954, London, 1954, p. 21–28Google Scholar .

9 The Colombo Plan. The Second Annual Report…, cited above, p. 106.

10 Following are some data on the progress of the Indian Plan:

11 The Colombo Plan: The Third Annual Report of the Consultative Committee on Economic Development in South and South-East Asia, Ottawa, October 1954. London, Cmd. 9336, p. 123Google Scholar .