Word: foreign-aid
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
COAL MINING, in a bad slump, will get a boost from Harold Stassen's Foreign Operations Administration. FOA has ordered $150 million (10 million tons) worth of soft coal from U.S. mines to be shipped abroad as part of the foreign-aid program. But the chronically ailing coal operators consider this a mere aspirin tablet-only one week's work for the industry that already has an inventory of 80 million tons above ground...
...Foreign-Aid Program Too Successful...
...postwar race for world markets, the U.S. gave itself a heavy handicap. It poured $35 billion of foreign-aid money into the economies of other countries (e.g., $207 million into Europe's iron and steel industry, $35 million into its auto industry). To many businessmen, the foreign-aid program has succeeded too well; they complain that they are losing business to their eager new competitors abroad...
...large part of U.S. foreign-aid funds has gone into building up the defense of NATO allies, or into industries that created no competitive problems, such as electric power, railroads and housing. However, such projects helped other industries, and better-equipped war plants were able to improve production of civilian goods. For example, the U.S. sent $126 million worth of badly needed machine tools to the British aircraft industry. While used primarily for military production, the tools can also be used to make civilian transport planes and parts...
...foreign-aid experts think that German employers, who are now having export difficulty, can nonetheless well afford to raise wages. And by increasing the workers' buying power, they will increase their sales at home...