ADELA: The Noble Birth and Costly Death of Early Venture Capitalism in Latin America

In 1963, Senator Jacob Javits proposed that the world’s business community join together to form a new corporation that would underwrite private sector investments throughout Latin America. He presented his ideas to a NATO parliamentary meeting in Paris. His proposal was endorsed by the delegates, who passed a resolution recommending that the Secretaries-General of the Organization of Economic Cooperation and Development (OECD), the Organization of American States (OAS) and the Inter-Americ...