ABSTRACT
Little description of the prototype if necessary, for the literature on the subject is voluminous and easily available. The value remains, and indeed tends to increase with the passage of time. Hardly a year goes by without the initiation of a tax on value added (TVA)-like scheme somewhere in the world, and without the official opening of a multipurpose dam; and every year the reports of river-valley authorities extend the record of dams completed, acres irrigated, peasant families resettled, and kilowatts of power pumped into newly-constructed electrical grids. A further criticism that the TVA has always had to face is that the project, which has been very absorptive of national resources, favours one particular region at the expense of others equally and perhaps more deserving. The United States, with its well-developed national consciousness and its abundant resources, can ask quizzical riddles about the ‘draining’ of the national Treasury for the benefit of area schemes.
