Word: ende
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Dates: during 1970-1979
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...unforeseen blowup with Peking, the Republic of China will probably continue on its profitable and stable course for some years to come. Four things could upset this optimistic outlook and inspire Peking to resolve the Taiwan question. The first would be a declaration of independence by Taiwan, which would end once and for all the myth of "one China." At present, the subject is taboo on Taiwan, mainly because of fear of the violent reaction from Peking that would almost certainly follow such a move. The second would be a threat by Taipei to play its so-called Russian Card...
...Total foreign investment, mainly from the U.S. and Japan, is $2 billion. Though some of this dates back to the 1950s, about $500 million has been invested so far in 1979 alone. Some American companies, including Ford, Chrysler, Bechtel and Westinghouse, are plowing new money into Taiwan. At the end of 1978, Taiwan's foreign exchange reserves stood at $6.5 billion-not bad for a nation of only 17 million. Unemployment is a tiny 1.2% of the working population. Says Economic Affairs Minister Chang Kwang-shih: "I sense that American businessmen think that some of the uncertainties have been...
...Sino-American Mutual Defense Treaty was important to the Republic of China [Taiwan] and also to the U.S. For the good of the U.S. as well as the republic, this treaty should be kept in effect. But President Carter has already announced his intention to terminate it at the end of this year. Congress has passed the Taiwan Relations Act, saying that the U.S. continues to be concerned about the security of the republic. I think that is very important in terms of the U.S. strategic position in this part of the world. If the U.S. lost its presence here...
Another threat is OPEC. Some of the economists expect the oil cartel to go on raising prices from the present average $16.40 per bbl. to about $18 by year's end. Higher fuel costs would both fan inflation and be an added tax on Americans' disposable income, thus prolonging the recession. Otto Eckstein, chief of Data Resources Inc., the economic analysis firm, favors putting a strict limit of 7 million bbl. per day on petroleum imports, which now average about 8 million bbl. daily; mandatory limits would probably result in gasoline rationing. Okun and other board members would...
...oldest of these postwar children are already 34, and over the next ten years they will cause a bulge in the big-spending 35 to 44 group. The number of Americans in this bracket will jump from 28 million to 40 million by the end of the decade, and they will be pocketing $1 out of every $4 in personal income, up from $1 of every $5 at present. By 1990 the average household income for people in this group will be close to $30,000 in real terms, and their total spending power will have grown by 70%. Because...