Word: cocoa
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Dates: during 1960-1969
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...Exports: Cocoa, timber, diamonds. Per capita income: $220. U.S. aid (1961): $22,600,000. Soviet aid: $196 million. Grows one-third of world's cocoa, but ran $100 million trade deficit in 1961. Volta Project (U.S. loans: $133 million) will enable Ghana to exploit rich bauxite deposits...
...Exports: Cocoa, palm products, peanuts. Per capita income: $88. U.S. aid (1961): $13,200,000. Moderate Prime Minister Sir Abubakar Tafawa Balewa holds together three disparate regions and 250 tribes that lack a truly national outlook. G.N.P. has soared 50% (to $3 billion) in decade...
...same things and have little to sell to one another. Mused an economist from Morocco, which still does two-thirds of its foreign trade with Europe's Common Market: "No matter how much good will we have toward Ghana and Guinea, there's only so much cocoa and bananas we can absorb." Similar hurdles also confront Africa's two other common markets. One of them is a loose, twelve-nation union largely consisting of former French West African colonies. It is hampered by the reluctance of richer members such as Cameroun and Gabon to get too involved...
...steaming, lush thicket the size of New Mexico. Although much of Ivory Coast (pop. 3,500,000) consists of juju and squalid villages, it is moving ahead at a breathtaking pace. Its harbor at Abidjan, the capital, handles the world's third largest coffee crop, the fourth biggest cocoa output. Behind the docks is a booming city of 200,000, which for European charm and modern creature comforts matches anything in Africa. Superb restaurants offer French food (at outlandish prices), and towering construction cranes cut the skyline as sleek little skyscrapers of reinforced concrete and glass-all air-conditioned...
...Blade. In fact, Hershey does play around some with the size of the bar, changing it to counter the wildly gyrating world cocoa market. Since World War II, as cocoa prices have ranged from 8? to 74? a pound, Hershey's nickel bar has varied in weight between a full ounce and seven-eighths of an ounce, and company executives have learned to swallow such gibes as "Hershey is packaging a nice razor blade now." Recently, when cocoa prices tumbled below 30?, the bar was raised back to a full ounce. Hershey jiggers with weight instead of price because...