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There are problems in paradise. While luxuries are cheap, most necessities are outrageously expensive. Per capita income is only $2,100-about $600 less than on the mainland. Yet, since most staples must be imported, prices average 25% over those Stateside. Electric bills average $45 monthly, eggs cost 99? a dozen, soft drinks average 75? for a large bottle-making the soda as costly as the Scotch. Housing is astronomically high: a fair-sized lot with a modest home can run as high as $75,000. Bad roads are made even more hazardous for tourists by the custom of driving...

Author: /time Magazine | Title: The Virgin Islands: Bargains in the Sun | 4/7/1967 | See Source »

Park admits that there are conspicuous problems, including corruption at lower levels of government. Unemployment amounts to 7% of the country's labor force, and another 25% are underemployed. Some working women earn as little as 50? a day, and per-capita income last year was only $123, compared with Taiwan's $225 and Japan's $740, the two highest in Asia. But starvation has been almost completely eliminated, the literacy rate has been lifted to 90%, and the traditional spring question-enough rice or revolution?-is a bitter memory of the past...

Author: /time Magazine | Title: South Korea: Hope in the Hermit Kingdom | 3/10/1967 | See Source »

...allowing the country to increase its oil revenues by decreeing what price the oil companies must charge. But the law has not yet been enforced, and it is unlikely that it will be in the foreseeable future. After all, oil income has more than tripled Libya's per-capita annual income in the past five years, and much of the money has been spent or earmarked for housing, hospitals, schools and public utilities hitherto unknown in the Libyan desert economy...

Author: /time Magazine | Title: Libya: Pumping Up Profits | 2/24/1967 | See Source »

...original Co-Prosperity Sphere conclave ia 1943. Six Asian nations attended-Singapore, Malaysia, the Philippines, Thailand, Laos and South Viet Nam, while Cambodia and Indonesia sent observers. The consequent exchange of information about economic aid needs and Sato's reminder that Southeast Asia receives only $2.50 per capita in foreign aid from all sources (v. $5 for Africa and $6 for Latin America) led the Singapore Straits Times to suggest that "a miniature Asian Marshall Plan" might emerge from the conference. Japan could conceivably be the sponsor...

Author: /time Magazine | Title: Japan: The Right Eye of Daruma | 2/10/1967 | See Source »

...lack of sewerage results in the use of "vacuum trucks," the odoriferous tank cars that daily pump out the cesspools of the cities. And while the Japanese are better off economically than all other Asians, worldwide they still rank only 21st (after the Italians) when it comes to per capita income: $740 a year. The average Japanese family of 4.05 persons lives in only 2.94 rooms, and only one Japanese in 46 has an auto...

Author: /time Magazine | Title: Japan: The Right Eye of Daruma | 2/10/1967 | See Source »

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