This memorandum considers the enormous, and in some cases still growing, gap which remains between the levels of economic and social welfare of the advanced countries and the developing countries. The author contends that the realities of the world power structure clearly identify the United States as the only nation with the economic, political and potential moral strength to lead the world toward its development goals. However, he continues, the United States has never reached the UN goal of official development assistance of 0.7 percent of GNP and frequently has been guilty, under domestic pressures, of protectionism against Third World exports. He concludes that the long-term strategic, as well as humanitarian, importance of achieving a more equitable world order dictates that the United States review its development aid policies with a view of stabilizing and broadening the economic base of developing nations.