Word: bosporus
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Dates: during 1980-1989
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Countries frequently stimulate exports by giving grants or loans to foreign governments. A Japanese-led consortium landed a $550 million contract to build a bridge across the Bosporus strait because Japan agreed to give Turkey a 25- year, $205 million loan at 5% interest. A French firm used government financing to close a deal to put up a $160 million fertilizer plant in Thailand...