Word: chiles
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Back in 1946-47, flush with $1.2 billion in war-accumulated balances, Argentina had negotiated trade agreements with Chile, Bolivia, Paraguay and Peru. To many, it looked like a good beginning for the creation of a satellite bloc. But most of these lavish deals were never ratified or carried through; by last week it was clear that they had accomplished nothing...
...Chile, the Government had moved fast to crush an abortive army conspiracy which was blamed...
Three weeks ago, Chile's wide-awake President Gabriel Gonzalez Videla announced that his government welcomed Harry Truman's plan. He began holding daily cabinet sessions on the subject, and told Under Secretary of Economy and Commerce Raul Fernandez to draw up a brochure for presentation to the State Department early in March. It will list the industries Chile hopes to establish, specify which parts of the country are best suited to each, and how much of what type of capital each will require...
...Pure in Heart. Chile was already attracting U.S. investment. Last fortnight the Chilean government announced that U.S. firms were scheduled to put up $135 million for Chilean industries. Five million would be spent on a plant for manufacturing thread. Anaconda Copper had begun to spend a whopping $130 million-the largest single investment in Chile's history -on a new copper extraction process...
...Chile was almost unique. Elsewhere in Latin America, the U.S. still faced the man-sized job of convincing yanqui-baiting nationalists that its heart was pure. Only when latinos came to look on the U.S. as their Good Partner as well as their Good Neighbor could Harry Truman's plan fully succeed...