FOREIGN TRADE: Secret Weapon

FOREIGN TRADE Secret Weapon "I am convinced that we can win the cold war by means of a secret weapon all our own. That secret weapon is trade—trade under our system of capitalism and competitive enterprise—accompanied by capital investment and technical aid in undeveloped countries." So said Benjamin F. Fairless, onetime U.S. Steel boss and now president of the American Iron and Steel Institute. Fairless' words last week, spoken after an 18-nation tour as chairman of a seven-man presidential advisory group, were not lost on his audience: 2,500 top U.S. businessmen assembled in

Manhattan's Waldorf-Astoria for the 44th annual convention of...

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