Word: demande
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Dates: during 1960-1969
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...volume of trade expands, so does the range in which a possible deficit or surplus may lie, and unless a nation is willing to allow its exchange rate to fluctuate to absorb the surplus of deficit, the resources for financing deficits must increase. This adds up to an increasing demand for reserves at a time when the supply of gold is zero and the supply of dollars is decreasing. Faced with the alternatives of creating some sort of international currency, experimenting with freely fluctuating exchange rates, or returning to the pure gold standard, the majority of the members...
THERE WILL be a good deal of pressure for an expansion of the SDR's power from the member nations, particularly the underdeveloped nations. Because they must import large quantities of machinery and other producers' goods, they have chronic balance-of-payments difficulties and will demand more and more credit in the form of SDR's. For exactly the same reason they lack large reserves of dollars and particularly of gold. Fearing the operation of Gresham's Law (that the best currency drives out all others as a store of value) with gold being the most highly-prized form...
...head of the Department of Political Science at the University of Alberta, wrote that social scientists of today are efficient at their trade, but that their trade does not demand enough of them...
...Responsible social scientists must also demand of themselves something more, which may be called substantive rationality, . . . the requirement that ends should be as rigorously articulated and tested as are, in political science at its current best, the proposed means to those ends," Bay said...
Aimed at local air-taxi outfits, which have sprung up around the world to serve the short runs now spurned by big jets, the Islander is in remarkable demand. Since the first production model appeared barely 18 months ago, 16 air-taxi companies have put the plane into service from Scotland's Orkney Islands to Australia's Great Barrier Reef. More than 200, worth a total of $15 million, are now on order, and production is sold out well into 1969. With 800 workers straining to increase the Islander's one-a-week rate, Britten-Norman...