In his 1949 inaugural address, President Harry S. Truman heralded the era of international development, a -worldwide effort for the achievement of peace, plenty, and freedom- that would aim to -greatly increase the industrial activity in other nations and. . . . raise substantially their standards of living.- At the time, more than half of the world's population lived in areas defined as underdeveloped; today, that figure surprisingly remains the same. Arguing that such persistent stagnation resulted partly from poor comprehension of the terms -developed- and -underdeveloped, - this...