BRAZIL: Profits & Barter

That it pays to be a good neighbor was indicated last week by solid statistics. Partly as a result of neighborliness, largely because of the reciprocal trade treaties of Secretary of State Cordell Hull, U. S. exports to Latin America as a whole increased last year from 40% to 90% in value. Those pessimists who have believed that the totalitarian European states were gaining political and economic influence south of the Rio Grande were surprised to hear that in the same period Nazi Germany's trade increased less than 30%, Fascist Italy's 1½%.

The...

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