Word: exporting
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Dates: during 1940-1949
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According to Professor Elliott, the committee will issue two reports this coming week, one on sources of funds for organization of foreign aid, and the second on changes needed in governmental powers, including export control, to make a foreign aid program effective...
...confidence in democratic forms of government. Although U. S. loans will provide the necessary funds, the actual burden of economic recovery rests with each individual nation. Those countries receiving American aid must insure their recovery by stringent budget supervision, a complete stabilization of national currencies, and the use of export profits solely to pay off current debts. The mechanics of such a plan are unassailable. Each nation can a block of strong, competent democracies facing Russia would soothe a fidgety State Department...
...save manpower, steel and fuel for the export drive he believes all-important, Cripps has cut $800 million from allocations for new capital outlay. This means postponement of many reconstruction projects dear to Socialist hearts; it also means that some sections of British industry will have to wait a long time before they are modernized...
...Export Emphasis. Britain is producing more than ever before in peacetime. Except for the key industries of coal and cotton textiles, production is above prewar levels. With about 7% more people working, Britain is turning out 10-20% more, by volume, in products than...
Britain stands a good chance of meeting Cripps's export target of 164% of prewar levels by the end of 1948. But even if all goes according to Cripps's plan, at the end of 1948 Britain's deficit in trade with the U.S. will still be at the rate of $1 billion per year. With characteristic realism, Cripps did not count on further U.S. aid while constructing his plans for Britain's economy. But he knew that only U.S. help could build up Europe's production. The Marshall Plan discussions, he said...