Word: aids
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Dates: during 1960-1969
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...targeted on strategic investment projects and provides a particular fillip. The $7.2 billion that Europeans invested in the U.S. up to 1914 financed most of the nation's railroads and canals, and many of its oilfields and mines; the $12.8 billion that the U.S. sent in Marshall Plan aid rebuilt much of postwar Europe. Now, to fight the battle of the balance of payments, the world's two major exporters of capital-the U.S. and Britain-have lurched toward controls. Under newly tightened restrictions on foreign loans and investments, Washington hopes to cut the capital outflow...
...same time, a growing disenchantment with foreign aid has led to a leveling-off in grants and other assistance. Although the gross national products of industrialized North America, Europe and Japan have increased more than $300 billion since 1961, the net outflow of aid from their governments is just about the same as it was then-$6 billion. U.S. foreign aid accounts for half the total; but the U.S. gives only six-tenths of 1% of its G.N.P. in aid-a much lower ratio than France, Italy, Belgium and The Netherlands, all of which give 1% or more...
Savings plus stability lead to an economic takeoff point, as several countries, including Spain and Mexico, have recently demonstrated. Benefiting from a Japanese-built infrastructure, Chinese management and U.S. aid of $1.5 billion, Taiwan has established a promising capital base. By rapidly spreading a network of banks, Thailand has increased savings deposits twenty-five-fold since 1958. Meanwhile, Colombia, Chile, The Netherlands and other countries are considering various plans to increase capital through enforced savings by issuing bonds in place of promised wage increases or tax reductions...
...aid their endless search for water, oil and minerals beneath the surface of the earth, prospectors and scientists have used everything from divining rods to sophisticated seismic devices. But more often than not, they have had to fall back on costly and time-consuming drilling to probe the earth's secrets. Now, New Mexico's Sandia Corp. has developed new tools for preliminary subsurface exploration that may do in minutes or hours what now takes days and even months to accomplish. The new devices: high-speed, instrumented projectiles dropped from aircraft or propelled by rockets...
...costly and difficult to get. Since Congress has shown no inclination to go along with a tax increase until the Administration has slashed nonmilitary spending, President Johnson two weeks ago agreed to a reduction of as much as $9 billion in his budget. Such a cut would affect foreign aid, the space program, the supersonic jet, and some or all of $1.5 billion in the highway, flood-control, and federal building programs...