Word: america
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Dates: during 1950-1959
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...complaint from Indiana's Senator Homer Capehart, who said after a tour of Latin America that the U.S. appoints too many do-nothing committees...
Claims Staked. Three presidential hopefuls have staked out claims on the area. In Puerto Rico last week, Senator Hubert Humphrey proposed a program of greater economic aid, arms reductions, a review of U.S. trade and tariff policies. Adlai Stevenson will tour Latin America in February. Nelson Rockefeller, the State Department's 1940-44 coordinator of inter-American affairs, recently suggested a single common market embracing the U.S. and the 20 Latin American states. Other high-level concern...
...Toledo's Jeep-making Willys Motors surveyed the Brazilian market and with its distributors in Brazil organized Willys-Overland do Brasil, capitalized at $250,000, more than 50% from the U.S. mother firm, the rest from Brazilians. Now Willys do Brasil is South America's biggest carmaker (110,000 units scheduled for 1960), has a capitalization of $34 million, 55% owned by Brazilians, 35% by Willys of U.S., 10% by French investors. Half of its 6,000 Brazilian workers own shares, 95% of the Jeep parts are locally made, and Brazilians proudly call the product o Jipe Brasileiro...
Nabisco-Famosa. The fastest-growing kind of foreign investment in Latin America is the joint venture combining skills and capital from abroad with capital and a knowledge of markets from local citizens. In an age of nationalism, the joint venture helps to give Latin America the outside capital it needs while giving the outside capitalist the security he wants...
...Mexico the joint venture accounts for 11% of the total $544 million U.S. investment in Mexico since 1950, includes many mergings of U.S. private capital with Mexican government funds. The Mexican government and the Celanese Corp. of America formed the jointly owned Celanese Mexicana, now grown 16 times into a corporation capitalized at $27 million. Other outstanding joint ventures in Mexico: Nabisco-Famosa (biscuits), Altos Hornos (steel), Tubos de Acero (a combine with Italian, French and Swedish capitalists to make steel pipe...