Bidwell, Percy W.
October 1958
Foreign Affairs;Oct58, Vol. 37 Issue 1, p144
This article explains that the overall objective of an American raw materials policy should be to insure an adequate and dependable flow of materials at the lowest cost consistent with national security and with the welfare of friendly nations. This statement made by the Paley Commission is useful as a standard of reference in examining the legislative and administrative measures which have affected the supply of raw materials available to the United States since the war. U.S. uses between 35 to 40 percent of the free world's output of basic materials. American purchases from abroad put about six billion dollars at the disposal of foreign countries, most of them underdeveloped.


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