Word: westernism
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Dates: during 1950-1959
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...background fact of the steel strike is the U.S. economy's pressing need for a hold-down on production costs. Round-after round of wage boosts followed by price boosts has brought not only price upcreep at home but also loss of export markets abroad. Western Europe's rebuilt industrial plants, more modern on the average than the U.S.'s, confront U.S. industry with increasingly rugged competition. In late 1958, the U.S., for the first time since the igth century, became a net importer of steel instead of a net exporter...
Westward a lot of U.S. families have been taking their ways, according to a Census Bureau report issued last week. During the years 1950-58, while the total U.S. population was increasing 15%, the population of the Western states soared 29%, paced by lonely Nevada's dizzying 70% (to 272,000) and wide-open-spaced Arizona's 57% (to 1.2 million). California, having overtaken Pennsylvania back in 1950 to become the U.S.'s second most populous state, grew another 35% in 1950-58, from 10.6 million to 14.3 million. Over the same span, New York...
...North-South axis, proposed that the world's industrial "north" form a committee, with the U.S. as full partner, to coordinate and share the burden of assistance to the nonindustrialized "southern" regions. "If twelve years ago the balance of the world turned on the recovery of Western Europe, now it turns on a right relationship of the industrial north of the globe to the developing south," he said...
...explorations so far, no one has yet agreed on machinery. Many are reluctant to funnel Western aid through the U.N. itself. NATO Secretary-General Paul-Henri Spaak suggests that NATO be used for the purpose, but this too meets with opposition-in the minds of touchy beneficiaries, it prompts suspicions of cold-war tactics. In Paris last week, in the wake of Dillon's visit, there were suggestions that an "Atlantic Community Economic Conference" should be convened in the near future...
...cautioned the Economist, if "as seems all too dangerously possible-the tide is missed this time, it will be because Western politicians are frightened of getting too far ahead of public opinion...