Word: foreign
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Dates: during 1950-1959
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...chancelleries around the world, U.S. diplomats were explaining to foreign governments last week that the U.S. is in the midst of a major change in foreign policy. The outflow of dollars from the U.S. would exceed the inflow by some $4 billion this year; the end of the Marshall Plan period of unrestricted overseas spending had come. No, the U.S. did not intend to cut out foreign aid where it was needed, nor to retreat into "Buy American" protectionism, nor to cut dangerously its overseas military forces. But it might have to do all these things if such industrially strong...
...propositions run in opposite directions: Proposition No. 1 suggests that the U.S. should give more help to the underdeveloped countries. Proposition No. 2 suggests that the U.S. cannot afford to give more, perhaps ought to give less. To resolve this clash of directions is the challenge of U.S. foreign economic policy, and the task that Robert Anderson has set for himself...
...1950s, Western Europe and Japan, their economies rebuilt with U.S. help, were briskly competing with the U.S. in foreign markets, even in the U.S. home market. By last year the U.S.'s international transactions were drastically out of balance: the U.S. ran $3.4 billion in the red in its overall international payments. Gold flowed overseas so briskly that the U.S. gold reserve shrank by $2.3 billion, a thumping...
...West German." Anderson was aware of the trend when he took office in 1957. In characteristic fashion he quietly set about shifting foreign-aid policies that had been backed by the full prestige of the Truman and Eisenhower Administrations. There were no dramatic sessions; at every opportunity he simply called attention to the problem. Last spring he began inviting Administration leaders to conferences and lectures. At first the State Department was horrified at the prospect of revising foreign-aid policy (and some of its staffers still are), but Anderson found a sympathetic listener in Under Secretary (for Economic Affairs...
...supermarkets hard. France's Fédération des Syndicats de l'Epicerie complain that "thousands of small independents have been forced out of business. If the wave continues, another 10,000 will have to close down in the next two years." Germans complain of the "foreign menace" to their livelihood, while Italian shopkeepers lobby insistently to prevent local city governments from granting licenses to the new stores. But the trend is all to the supermarkets. When a big new market opened in Milan recently, the strong Communist element there attacked it as an imperialist plot, until...