Word: ans
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Dates: during 1950-1959
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Blockade Runners. World War I only made Philips grow bigger faster. To circumvent the blockage of the North Sea, the company outfitted its own fleet of fast blockade-running ships. With the home market protected from competition, the brothers Philips steadily pushed into new lines, made X-ray tubes for...
In an era of rising volume and constricting profit margins, Philips is the envy of its competitors. Although 1959 sales are 15% over 1958, the profit margin actually is widening (e.g., 7.6% so far in 1959 v. 6.8% last year). Even last year, Philips' return on sales was higher...
Another warning came from Professor W. W. Rostow of the Massachusetts Institute of Technology's Center for International Studies, who advocated "sharply increased public expenditures" for both defense and foreign aid. Russia's superior growth rate and her power-bent use of it, Rostow said, threaten the U.S...
The textile experts said it was folly: garment factories could never flourish in Hong Kong because of lack of water and trained workers. Besides, there was the powerful new force of Japanese competition. But Chen Che Lee, a wealthy young Shanghai cotton manufacturer, fooled the experts. In 1946, with $1...
Hong Kong has been greatly helped by U.S. opposition to low-priced Japanese cotton imports. When the Japanese were forced to diversify and impose voluntary quotas, many big U.S. department-and variety-store buyers took their business to Hong Kong. The British colony's factories and sweatshops have tripled...