Word: westernization
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Dates: during 1940-1949
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...long-range objective is simply the fusion of Western Europe's separate, relatively autarchic economies into one large, American-style free trading area. Only such a single market (with an estimated 270 million customers) could sustain efficient mass production in Western Europe; it would also force Western Europe's flabby protectionist capitalism into a new, competitive way of life...
...that it will take a large measure of political union as well. EGA also realizes that the objective cannot be reached in a few years, and certainly not by 1952, when Marshall Plan aid to Europe ends. But EGA believes that nothing short of full economic integration can boost Western Europe's industrial output enough to end its dependence...
Short-Range. The short-range objectives are supposed to establish sane and honest conditions for freer trade in Western Europe as soon as possible, and to prod its industry into more competition and greater efficiency. The U.S. Congress will expect to be shown considerable progress toward these objectives when it considers iQSo's EGA appropriations early next year. The objectives...
...Progressive abolition of quantitive restrictions on Western European trade, i.e., import quotas (the OEEC nations have promised to do away with import quotas on 50% of their private trade...
...Abolition of "double pricing," i.e., the practice now common in many Western European countries of selling commodities at low prices at'home, while selling them abroad for all the traffic will bear...