Word: exportability
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Dates: during 1970-1979
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...Agriculture forecast record U.S. harvests of 240 million metric tons for all grains -wheat, corn, oats, barley and rye. That would be 2% less than was forecast in August, but 42 million tons above last year's crop. So, the U.S. should be able to feed itself and export heavily, too -though at how great a cost in added inflation is still unclear...
...will probably determine the balance of revolutionary and reactionary forces within the next half year. Several economic hammer blows--none of which the revolutionary regime is responsible for--have struck Portugal, causing approximately 10 per cent unemployment and 40 per cent inflation. The worldwide depression has devastated Portugal's export industries--textiles, for example--which were already old-fashioned and uncompetitive. The international economy has caused many Portugese emigrant workers in Germany and France to lose their jobs, depriving the country of crucial foreign exchange and further worsening unemployment problems...
...ironic that George Meany and the labor unions should be critical of the export of American grain [Sept. 1] on the grounds that the sale will drive prices higher. I can't think of any American group whose actions and demands have been more inflationary...
...Measures to provide developing countries with some degree of economic security by insulating their export earnings from "the swings and shocks" of such "natural and man-made disasters" as weather and changes in the business cycle. If export income dropped, the countries would be able to borrow compensatory funds from a proposed new $10 billion "development security facility" of the International Monetary Fund. This would enable these countries to proceed on schedule with their development plans. For the poorest countries, the loans might be turned into outright grants, financed by the sale of some of the IMF'S gold...
Pleas for increased stimulus probably are aimed more at Japan and West Germany than at the U.S. They are more dependent than the U.S. on earnings from foreign sales, and are traditionally inclined to sit back in times of recession and wait for their export markets to bounce back and spur their own recoveries. Yet policymakers in each of the Big Three countries protest that overstimulation will send prices skyrocketing again. They argue that it was an erosion of buying power caused by inflation that brought on the recession in the first place. But others remain unpersuaded. Although French President...