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public. Governments were to take appropriate actions to prevent
interference of the share-out principle by restrictive business
practices, and assure the adequate flow of necessary raw materials,
equipment, and capital. In addition, share-out agreements were to
be made by Productivity Centers with plants participating in this
intensified program. In turn local funding of all technical
assistance to the participating plants and industries would be
waived.
75.
In 1954 there was a further expansion of U.S.
Productivity program support and funding by Congressional approval
of Section 115(k) of the U.S. Economic Aid legislation. The
success and positive results of the European National Productivity
Programs to date; the dramatic increases in production and lowering
of costs in many plants; and the interest in productivity
restructuring in many European sectors was such that the ECA
believed that a further substantial increase in U.S. technical
assistance and loan funding might accelerate and make more
realistic the achievement of near term improved living standards in
Western Europe.
76.
The additional U.S. funding was intended to commit
European governments more firmly by bi-lateral agreements to
expanding their economies, to increasing production and
productivity restructuring targets; to encouraging competition and
discouraging restrictive trade practices; to the equitable sharing
50
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"ocrText": "public. Governments were to take appropriate actions to prevent\ninterference of the share-out principle by restrictive business\npractices, and assure the adequate flow of necessary raw materials,\nequipment, and capital. In addition, share-out agreements were to\nbe made by Productivity Centers with plants participating in this\nintensified program. In turn local funding of all technical\nassistance to the participating plants and industries would be\nwaived.\n75.\nIn 1954 there was a further expansion of U.S.\nProductivity program support and funding by Congressional approval\nof Section 115(k) of the U.S. Economic Aid legislation. The\nsuccess and positive results of the European National Productivity\nPrograms to date; the dramatic increases in production and lowering\nof costs in many plants; and the interest in productivity\nrestructuring in many European sectors was such that the ECA\nbelieved that a further substantial increase in U.S. technical\nassistance and loan funding might accelerate and make more\nrealistic the achievement of near term improved living standards in\nWestern Europe.\n76.\nThe additional U.S. funding was intended to commit\nEuropean governments more firmly by bi-lateral agreements to\nexpanding their economies, to increasing production and\nproductivity restructuring targets; to encouraging competition and\ndiscouraging restrictive trade practices; to the equitable sharing\n50"
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