Word: foreign
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Dates: during 1950-1959
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...Race to Invest. Foreign capital for every sort of enterprise has come in since 1954 at the rate of $225 million annually, some 85% of it from Britain and the U.S. Britain is still Australia's biggest partner, but the U.S. is coming up fast. In 1948 the U.S. had only $115 million invested in Australia; today the kitty amounts to $670 million, and the forecast is for $1 billion in U.S. capital by the end of 1960. All told, 880 U.S. firms now do business in Australia. How well they do is evident from the statistics...
Handsome Profits. The one complaint that Aussies have about foreign capital is the lack of opportunity for local participation in the new companies. Only about 40 of the U.S. manufacturing subsidiaries are publicly owned, and of these only eleven have some degree of Australian ownership. But the Aussie who invests in a domestic company can make handsome profits on his own. In a land that is turning out its own diesel engines, railroad cars, jet aircraft and transistor radios, stocks are an investor's dream. Ansett Transport Industries, Clyde Industries (engineering), Broken Hill Proprietary Co. Ltd. (steel...
...stance of the U.S. in world affairs merely that of preserver of the status quo? Is U.S. foreign policy enmeshed in illusion, maladroit in method and impotent to achieve its stated ends...
Poised between exhortation and rebuke, America the Vincible offers unflattering answers to these and other significant questions. Author Emmet John Hughes, chief of correspondents in Time Inc.'s Foreign News Service, and sometime (1952 campaign, 1953, and 1956 campaign) speechwriter for Dwight Eisenhower, clearly hopes to get his fellow citizens to face the errors of the past so that they may grapple more knowingly with the realities of the future. Paradoxically, the book's existence seems to refute some of its charges. If the great debate on America's international aims had sunk to "a stammering...
...third major point, Kissinger spoke of the future of "uncommitted" nations. Denying that the United States should attempt to match all Russian programs in these countries, he affirmed that foreign aid is necessary. He expressed doubt that foreign aid will be decisive in shaping the loyalties of these new and underdeveloped countries. "I ame not at all convinced that the pedantic rules of Western policy, combined with a certain lack of energy, might not be less appealing than Moscow and Peiping," he added...