Word: toed
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Dates: during 1950-1959
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¶ A sober warning by Central Intelligence Agency Director Allen Dulles that Latin American Communists gathered in Moscow last February, got orders to use the slogans of nationalism to "break the ties of friendship" with the U.S
Stop & Start. The main theme of criticism is that the U.S. merely reacts to events-"stop-and-start" diplomacy, Capehart calls it-rather than taking imaginative initiative. One example of policy drift was Panama, where the U.S. was hastening to make concessions after a series of riots. Other examples: the...
Nabisco-Famosa. The fastest-growing kind of foreign investment in Latin America is the joint venture combining skills and capital from abroad with capital and a knowledge of markets from local citizens. In an age of nationalism, the joint venture helps to give Latin America the outside capital it needs...
In Mexico the joint venture accounts for 11% of the total $544 million U.S. investment in Mexico since 1950, includes many mergings of U.S. private capital with Mexican government funds. The Mexican government and the Celanese Corp. of America formed the jointly owned Celanese Mexicana, now grown 16 times into...
While the local participation means an easier way through local prejudices, it also means taking on headaches. Biggest is the expectation of high returns by local investors. In an area where investment firms guarantee 8% and manufacturing profits sometimes top 50%, investors are loath to accept less, and dislike U.S...