The United States' foreign assistance program has become an instrument of declining efficacy in foreign policy. The ebbing of Soviet-American competition offers an occasion to restructure U.S. foreign policy objectives and modernize those instruments most likely to support the execution of new foreign policy objectives. This book sets out to identify new approaches to the management of resources in the foreign assistance program that would permit the flexible manipulation of these resources to cope with the fast-breaking pace of international affairs. This work challenges the generally accepted view of contemporary political realities by explicating the historical roots of the current foreign assistance program and identifying a new approach to foreign assistance through changes in resource management statutory authorities and procedures. It will be of interest to professionals and scholars in foreign affairs, foreign policy, and international relations.