Word: businessmen
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...Tokyo government concedes that Japanese chips are still being dumped outside the U.S. But, it argues, the sales are being made not by Japanese chipmakers, who are under government control, but by independent businessmen. Officials claim to be doing everything they can to stop that, as promised. Not good enough, retorts Commerce Secretary Malcolm Baldrige: "If the manufacturers try to get out of their obligation not to dump in third-country markets by using middlemen, that is a deliberate action. It is the government's responsibility...
...Yasufuku, senior managing director of Sanwa ^ Bank. As a result of exhortations like that, Japanese companies are not just exporting but are moving overseas in record numbers. For years, Japan invested only in its own miracle. But by the early 1980s, with huge balance-of-payments surpluses building up, businessmen began to look abroad for new opportunities. Last year alone Japanese direct investment overseas more than doubled, to $14.3 billion. A survey conducted by the Long-Term Credit Bank of Japan shows 41% of all Japanese manufacturing companies have offices abroad...
Avoiding that kind of protectionist debacle will take considerable American self-discipline. Among other things, policymakers must speedily reduce the federal budget deficit, which has fueled so much excess U.S. consumption. But there will also have to be considerable changes in U.S. corporate and educational culture. American businessmen, who have traditionally paid most of their attention to domestic markets, must become more aggressive in going after foreign sales. American managers also need to take a leaf out of Japanese manuals about greater worker involvement in product quality control. The U.S. education system needs vast improvement before it can produce blue...
...Soviet embassy in Paris last week dismissed the entire tale as "pure fantasy," and in Moscow the Foreign Ministry expelled four French diplomats and two French businessmen. The tit-for-tat comes at a bad time: Chirac is due to visit Moscow...
Then came Iranscam and the revelation that two Israeli businessmen, joined by an Israeli antiterrorist adviser attached to the Prime Minister's office, may have instigated -- and certainly cooperated in -- the sale of U.S. weapons to the militant Islamic regime in Tehran. The renewed furor over the Pollard affair thus not only dragged Israel's most shocking security misfire back into the spotlight but dredged up the whole sorry security mess. The Pollard case, says founding MOSSAD Chief Isser Harel, ranks as "the worst-bungled affair in Israel's history...