Word: commonwealths
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...discovering the validity of this old truism. Three years ago, when Jamaica launched a boycott of South African goods which was eventually joined by 17 other African, Asian and West Indian countries, South Africa's exporters were badly worried. A year later, after South Africa left the Commonwealth in high dudgeon, foreign investors began to pull capital out of the country at such a rate that foreign reserves sank to an anemic $15 million, and the government was forced to apply stringent currency control...
Using Rothman as a base, Rupert began setting up subsidiaries throughout the Commonwealth. His shrewdest move came in 1958. Capitalizing on a peculiar stock arrangement in London's venerable Carreras Tobacco Co. (Craven A), he won control of the company for only $4,500,000, quickly sold off antiquated factories for $15 million to finance a modernization program...
Clinging to the idea that if Russia aids India, it will not supply China, Prime Minister Jawaharlal Nehru played up the Soviet promise to send MIG jet fighters to the Indian air force. When Britain's Commonwealth Secretary Duncan Sandys suggested in London that chances of delivery seemed slim, Nehru retorted tartly that he had "authoritative information" that the MIGs would be Delivered...
...these days of foundations, there is a place for almost any prominent exile from the groves of Academe. Newton's haven: the presidency of Manhattan's Commonwealth Fund, a charitable foundation with assets of $120 million...
Anguish at Success. Hallstein's community was certainly maturing fast. All around the world, nations that laughed when the Common Market countries sat down to play at six-handed free trading are now envious of the remarkable economic progress the Six have made. Looking on nervously are the Commonwealth countries and the members of Europe's "Outer Seven," whose future relations with the Common Market depend upon the outcome of Britain's painful negotiations with the Six. And a dozen other countries, most of which have no prospect of ever joining the Common Market, regard the market...