Word: benoit
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...picture is still very incomplete. The Smithies report was first dredged up in a September article by Jacques Decornoy in Le Monde. In that article Decornoy also mentions a study which Emile Benoit, professor of International Business at Columbia, conducted for the Asian Development Bank...
...semi-official report--to which Decornoy says "the State Department attaches great importance"--Benoit bases his recommendations on "a Hanoi withdrawal," an elimination of NLF influence in the South, and "the projected ending of hostilities by 1973." Reasoning along lines that resemble those traveled by Smithies, Benoit writes, "If hostilities end without a peace treaty, it seems likely that large defense budgets will persist through most of this decade." Later he notes, "Even at best, Vietnam is going to be militarily top-heavy for quite some time...
...does Benoit know so much? That the U.S. is going to leave troops in Vietnam, that no negotiated settlement will be reached, that low level insurgency will...
...Benoit says that these predictions are based on a set of "assumptions" which for lack of space should not be included in his survey-though they could be had upon request...
Queried on the Benoit report, John R. Petty, Assistant Secretary of the Treasury for International Affairs and head of the U.S. delegation to the Asian Development Bank's fourth annual meeting just concluded in Singapore, said. "I do not foresee a significant substitution of multilateral aid for U.S. assistance in the next one or two years...