Business: Yankee Go East

Dollar diplomacy for peace

"When American companies go in to help countries recover from wars and learn to thrive in peace, it's a pretty tough diplomatic act to beat." So said Robert Strauss last week on his third trip to Israel and Egypt since being appointed President Carter's special Middle East envoy last April. This time the shuttling Texan took with him eleven U.S.businessmen. His aim: to foster the sort of investment in the area that would help to cement the Camp David agreements with tangible economic benefits for all.

Both countries need more U.S. capital and know-how. Eager...

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