Word: blocs
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Dates: during 1950-1959
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...signs indicate that the free world seems bound to accept a prolonged state of coexistence with the Soviet Union, in fact if not by choice. Consequently, both the free nations and the Soviet bloc should seek to ease the tension to some degree; to relieve the strain and precariousness of an extended, perhaps indefinite period of tacit hostility; and to create, if not amiable relations, at least a Cold Peace not poised upon a sensitive trigger. Improved East-West trade relations, especially in United States-Soviet commerce, would be a large step in this direction...
...ruble-gap is far smaller than their current dollar-gap. Closer to the Soviet Union in distance and economic condition, these countries would benefit greatly from being able to extend their trade with Russia. Italy and West Germany, for example, could find markets for their goods in the Soviet bloc that they cannot find in the U.S. or in Western Europe. Finally, an American policy of extended trade with the Soviet Union would allow so-called "neutral" or non-committed nations, such as India, to breathe more easily. A relaxed East-West atmosphere would grant these countries a freer radius...
Rehabilitating commercial relations between this country and the Soviet bloc is made difficult primarily by three factors: American export controls, Soviet purchase demands, and reticence on the part of U.S. business interests. A glance at the statistics illustrates how these conditions have decreased U.S.-Soviet trade...
CRUDE OIL OUTPUT by the free world is smashing all records. Though Middle East production declined slightly in December, zooming U.S. production of 7,155,000 bbls. daily, 142,000 bbls. more than at November's peak, pushed total output to 14.4 million bbls. a day. Estimated Communist bloc production: 1,600,000 bbls...
...this adds up to a Soviet offensive whose purpose is to cement a world bloc of nations on the base of a common hostility to the capitalist U.S. Its leaders, marking out the whole grey world of neutral nations inside their "zone of peace," claim 1.5 billion people-almost two-thirds of humanity-on their side, and boldly redefine the opponents of Communism as an isolated, retreating minority. To the Asian nations they offer the comradeship of backwardness, the fraternity of poverty, the communality of agricultural nations seeking to industrialize themselves, and sympathetic stirring of old resentments against their colonial...