Word: ega
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...first EGA bill had been presented as a calculated and desperate risk; the second with an air of "you can't afford to quit now." Last week EC Administrator Paul Hoffman could point to a record of proud accomplishment. Western Europe's recovery "has exceeded our fondest hope," Hoffman told a joint congressional committee on foreign affairs. He asked just 'under $3 billion to keep EGA going on its winning way in its third year...
...Michigan's Arthur Vandenberg who had beaten back the attacks of the isolationists within his own party. But his recent, critical operation had left Vandenberg tired and weakened, and there was an ominous rumbling of activity from among Republicans who had consistently fought the bipartisan foreign policy on EGA, the Atlantic Treaty and the military-assistance program...
...Indonesia's biggest dollar earners-rubber, oil and copra -were coming back strongly, but the output of coffee, tea and kapok had still a long climb ahead. Before the war, Indonesia produced enough rice to supply her own needs. Now, rice imports are costing her $15 million annually. EGA has already agreed to provide $40 million in textiles, medicine and agricultural tools, and the Indonesians are hoping for another $100 million from the Export-Import Bank. All of this, however, fell short of the $200 million which was the minimum Indonesian estimate of the help they would need...
...production, the U.S. had had little success in stabilizing its consumption and production of the world's goods. The balance between U.S. exports and imports in a world still struggling to get back on its productive feet was as dangerously out of whack as ever. The hope that EGA would somehow close the huge gap between imports and exports had gone glimmering in 1949. At year's end, the U.S. had sold an estimated $12.5 billion abroad and had imported only about $6.5 billion; the gap was almost as big as it had been...
...year's end the big question was still: How could the world compete with the U.S.? The solution was not a permanent form of EGA to pay for U.S. goods given away but to teach the world how to compete through the export of U.S. capital and industrial know-how. Such a program, harassed by all manner of restrictions and threats of expropriation abroad, would not work until other nations gave U.S. businessmen and capital the same freedom they had at home. In short, the economic solution was the same as the political solution: the world needed more freedom...