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...Fast. To some extent the phenomenon of productivity rising more slowly than wages is an international complaint, but Britain's case is worse than most. No industrial nation in the 1950s had a slower growth of per capita output than Britain-20% for the decade; yet over the same period wages doubled. In West Germany, a comparable wage increase was offset by a 60% rise in productivity. In the face of rugged competition from the Common Market, these figures add up to serious trouble for Britain...

Author: /time Magazine | Title: World: You're Not All Right, Jack | 10/19/1962 | See Source »

Never Again. Uganda's constitution sensibly provides a large measure of local autonomy to Buganda and the three other Bantu kingdoms, and to the ten regional districts, which are equally jealous of their separate identity. Although per capita income averages only $65 a year, Uganda has enjoyed a favorable balance of trade for the past 25 years. But falling world prices for its principal exports-coffee and cotton-have eaten up the accumulated reserves and this year caused a budget deficit of $10 million...

Author: /time Magazine | Title: Uganda: She Isn't & Doesn't Want To Be an Extension of Europe | 10/12/1962 | See Source »

Judging by the report, he was very nearly right. The growth in the region's economy in recent years, when divided among the population of 220 million, amounts to virtually no growth at all. Alliance for Progress planners figure that a 2.5% per capita annual growth in gross national product is essential. But only two Latin American countries have averaged more than 2% in the past five years. The rest have failed to keep pace with a 2.9% population growth. Almost every sector of the economy is in the doldrums...

Author: /time Magazine | Title: The Hemisphere: Stagnant Economies | 10/12/1962 | See Source »

...selling oil concessions in 1957, Latin America had only a little more cash available for imports in 1961 ($7.19 billion) than it did four years before ($7.17 billion). To make matters worse, says the report, "the population of Latin America grew by approximately 12% during the period. Consequently, per capita capacity to import has tended to decline...

Author: /time Magazine | Title: The Hemisphere: Stagnant Economies | 10/12/1962 | See Source »

...Greek agreement is likely to provide the basic pattern for other underdeveloped countries. Under its terms, the Six gave Greece-whose per-capita income is only one-quarter of Luxembourg's, the Market's smallest member-22 years to catch up to the Market industrially, at the end of which, if all goes well, it can make the transition to full membership...

Author: /time Magazine | Title: Common Market: The Line Forms | 10/5/1962 | See Source »

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