Department of State Bulletin volume V 11 Oct Dec 1944
Department of State Bulletin volume V 11 Oct Dec 1944
United States Dept of State Office of Public Co
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the United States, which will make possible the ' servicing of our foreign investment. [ If, on the other hand, we neither maintain by a sound domestic policy an increasing level of em- ployment, production, and income at home, nor i reduce, by a sensible commercial policy, barriers i to trade and especially to imports into the United i States, our foreign investments and entire foreign ) economic policy can only come to frustration. '. To sum up, this is your interest in foreign trade ' and in...vestment: We can make our total em- ] ployment, production, and income greater if for . Some years we are prepared to make a portion { of our production and of our savings available j to foreign countries through an excess of exports — ' largely in the capital-goods field — financed by ' American investment abroad. Tlie additional real ^ income available within tlie United States as a re- ^ suit of sucli a program w;ll exceed by several times J the net real product thus exported. Over the years 1 we must by means of an adequate domestic policy ; attain expanding income and employment at home, ■ so that fluctuations in our volume of business do "; not destroy economic progress abroad.
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