The Marshall plan and its achievements
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In conclusion, we may find that the world trade is fundamentally out of balance. Other countries simply are not earning enough dollars to pay for what they import from us. They have a "dollar shortage". It was mainly because of: loss of the Western European's overseas investment; reduced imports by the United States; and lastly, the rise in prices of importing primary commodity prices. The critical lack of balance in world trade should be corrected primarily by stimulating an expansion or exports of goods and services from other countries to the United States, accompanied by an expansion, as far as feasible, or United States foreign invesment. The task is to be achieved by mutual cooperation of both business and government on both sides of the Atlantic.
Thesis (M.A.)--Boston University