Word: braziller
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Dates: during 1970-1979
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...intend to discourage all American investment, but only to gain Chilean possession of the country's most crucial businesses and establish firm controls over business practices and profits. U.S. business, through the U.S. government, pressured for political conditions favorable to its interests in Guatemala in 1954, Brazil in 1964, the Dominican Republic in 1965, and recently, in Chile...
...protection of its business interests is always two-sided. As other economic aid was cut, the United States continued a high level of military aid to Chile, which was second only to its aid to Brazil between 1950 and 1970. Four thousand Chilean officers were trained in the Panama Canal Zone. General Pinochet, the head of the junta, had been Chile's military attache to the United States, and each of the other junta generals had spent some time in this country. Last spring, Nixon signed a statement waiving restrictions on selling sophisticated F-5E Freedom Fighter Jets to Chile...
...MILITARY coup in Brazil, though not emerging from as pronounced a class struggle as Chile's had indications of similar types of U.S. involvement. AID and international funding organizations cut off all loans to the central government but maintained military aid. The U.S. government admitted prior knowledge and gave the military government recognition several days after the coup. The chairman of the House Foreign Affairs Committee said...
Since 1964, Brazil has been the businessman's example of the ideal developing economy. The country's GNP has had an annual average increase of 9.5 per cent. Exports reached $4 billion last year with one fourth to one-third of that in manufactured goods. Foreign reserves more than doubled to $4 billion...
Foreign investors generated a large share of this growth, from which they have reaped enormous profits. By the end of 1969, 80 per cent of total foreign investment in Brazil originated in five countries--the United States (with 48 per cent), Canada, West Germany, the U.K., and Switzerland...