Word: outflow
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...lower value for U.S. currency. By making the dollar worth less abroad, he automatically turned U.S. goods sold there into a better buy?and thus increased the nation's sagging export potential. At the same time, investment in foreign businesses will become less attractive to U.S. corporations, stemming the outflow of capital that helped fuel speculation against the dollar abroad...
...most of the last 20 years, the U.S. has emptied its pockets abroad with the abandon of a sailor on shore leave. European bankers have grown hoarse warning that the dollar outflow and resulting drain of U.S. gold reserves could eventually wreck the purchasing power of the dollar overseas and endanger the world's monetary system. Last week a succession of dismal developments gave those warnings a new and compelling urgency...
...Bretton Woods. A sharp cutback in U.S. military operations abroad would reduce the outflow of dollars, but it would frighten some of the very nations that protest American "dollar imperialism"-notably Germany, which feels that the presence of U.S. troops on its soil is necessary until there is a Soviet withdrawal from Eastern Europe. Reinstituting the tight-money policies and high interest rates of 1968 and 1969 would help the balance of payments, but would also abort U.S. recovery from last year's recession and throw many more Americans out of work...
...industry is pouring out money to expand operations overseas. The net outflow of American capital to the rest of the world rose from a 1960-64 average of $4.5 billion annually to $6.4 billion last year. More than half that figure, $3.9 billion, represented corporate investments in foreign plants and facilities. The rest of the outflow was caused by such activities as the purchase of foreign stocks by Americans and short-term U.S. bank lending to foreigners...
...Something has got to give," says Edwin A. Reichers, senior vice president of New York's First National City Bank. "This outflow cannot go on forever...