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But that is not the only vindication of free-trade finance which is at hand. How have foreign countries stood the late depression in trade? The shortfall of the revenue from the estimates in this country was last year less than two millions, in Germany it was eight millions, and in the United States over nineteen millions. Let the House see what fair-weather friends these protectionist duties are.
Brazilians and South Africans, for instance, pay a fraction of the price paid in the West for their anti-retroviral AIDS medication. Even so, the price of a typical treatment is not affordable. Foreign donors, private foundations such as the Bill and Melissa Gates Foundation and international organizations had to step in to cover the shortfall.
Morgan Stanley predict an alarming shortfall of 6 percent of GDP by the end of next year. The US is already the world's largest debtor having been its largest creditor only two decades ago. Such a disorientating swing has been experienced only by Britain following the Great War.
Under the leadership of the United States, the 21 members of the International Energy Agency took collective action to ensure that the oil shortfall stemming from the Iran-Iraq war would not be aggravated by competition for scarce spot market supplies.
Are there twelve hundred as Morland claims?" "No sire" I replied."I counted only eleven hundred and twenty, that is a shortfall of eighty."
Under the leadership of the United States, the 21 members of the International Energy Agency took collective action to ensure that the oil shortfall stemming from the Iran-Iraq war would not be aggravated by competition for scarce spot market supplies.
The alternative sea, land, and space lift requirements can be postulated; however, if the Navy, Army, or Air Force do not satisfy those sea, land, and space lift requirement, then there is a shortfall which will in turn generate a need for more airlift!
In five years, US net obligations to the rest of the world will grow from one eighth of its GDP in 1997 to two fifths of a much larger product, according to Goldman Sachs. By 2006, a sum of $2 billion dollars per day would be required to cover this yawning shortfall.
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