Word: exportability
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Dates: during 1970-1979
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...year expect to produce 11 million vehicles, just under their 1973 record of 11.25 million. The most imminent threat comes from the Japanese, whose share of the Western European car market has jumped from .6% to 6% in the past ten years. The Japanese onslaught has also hurt European export sales, especially in the U.S. For the longer run, the U.S. automakers may pose a more formidable danger, now that they are making smaller, gasoline-sparing cars of the type that sell well in Europe...
There were gifts aplenty last week at a birthday party for the world's newest nation, which happens to be a real banana republic. The tiny Commonwealth of Dominica (pop. 78,000), a 290-sq.-mi. speck in the Lesser Antilles, earns 70% of its $12 million export revenues from the serviceable fruit, and it has replaced Queen Elizabeth II as head of state with a ceremonial President. Nonetheless, the Queen's younger sister, a newly thinned-down Princess Margaret, presided over the independence ceremonies that made Dominica the Western Hemisphere's 30th sovereign state...
...Japan over trade might be expected to subside. In fact, tempers seem to be getting worse, not better. Yankee businessmen complain that they are still all but shut out of the Japanese market, and more and more of the American consumers who buy the goods that the Japanese export with such zeal seem to agree. Pollster Louis Harris found that a strong (64%) majority are persuaded that the U.S. is getting shortchanged on trade, by Japan as well as by other countries. Today a good many Americans would applaud the exasperation confessed by John Nevin, chairman of Zenith Corp...
...Economic Cooperation and Development on the relative competitiveness of 24 major industrial countries. It found that, largely as a consequence of the dollar's drop and rising world prices, the U.S. now enjoys the lowest production costs and highest profit margins of all the 24. Steeply rising U.S. export and import prices relative to all other OECD countries, including Japan and West Germany, provided U.S. manufacturers with ever widening profitability margins. The OECD analysts concluded: "Indeed, by almost every available indicator the United States seems to have become much more competitive internationally during the last five years...
Garst believes that "it is in livestock that we will see the great revolution of the next 20 years. We will be producing more meat less expensively, and we will have the opportunity for much more export." He is crossing U.S. breeds with European stock to produce "exotic" cattle that grow fatter faster or produce more milk. This is done by artificial insemination. Says Garst: "We have one of the largest accumulations of exotic semen from Europe...