Word: eca
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...still far & away the leading supplier to the hemisphere, which remains, after the ECA countries, the leading U.S. market abroad. The U.S. will probably keep many of its wartime gains. In the Caribbean countries it will continue to dominate trade for the good reason that its business there runs on a two-way street. But in Argentina and Uruguay, and to a lesser extent in Brazil, Chile and Peru, the U.S. will have to reconcile itself to the European trend...
...ECA's very success in shoring up Europe's economy (though it had failed to "integrate" the continent for the long pull) had created a new problem. Europe's booming factories were turning out all the goods Europe could use and more; the problem now was to sell the excess where it would earn dollars - that is, in the U.S. market. That meant that the U.S. would have to accept more imports, said Hoffman. ECA's target was modest - an increase in imports of "several hundred million dollars " within the next two years, amounting to only...
...added Hickerson, was already moving as rapidly as practicable toward closer world relations through the Atlantic pact, ECA and the U.N. "The establishment at this time of such a federation," said Hickerson, "far from providing additional strength, could be a source of weakness and greater internal divisions...
...program three weeks earlier, in perverse and illogical retaliation for the State Department's refusal to extend aid to the Chinese Nationalists on Formosa. Secretary of State Dean Acheson made some hasty trips to Capitol Hill, agreed to spend $10.5 million or less on Formosa from some leftover ECA funds in return for funds for South Korea, a U.S. ward perilously adjoining the Soviet puppet regime of North Korea. For two days House Republicans railed against the Administration's "do nothing" policy in Asia before 42 of them (out of 169) finally joined in supporting the Administration...
...will shell out $5 billion more during ECA's two remaining years (this is approximately the amount that ECA's blueprint has called for all along...