Word: exportability
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Dates: during 1970-1979
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...Yugoslavia's Josip Broz Tito, 87, the grand old man of global neutrality, stepped off a Yugoslav air force Boeing 727 at Havana's Jose Marti Airport last week, he was stiffly embraced by his host, Cuban President Fidel Castro, 52, the tireless huckster of import-export revolution. It was hardly the sort of comradely bear hug the two leaders have exchanged in the past. This time they were preparing for a fierce showdown over the direction and leadership of what some diplomats called "the very soul" of the Third World...
...slab of desert into an independent "Saharan Arab Democratic Republic." At home, he has had to contend with rising public anger and labor strikes prompted by a deteriorating economy; it has suffered both from the decline in the price of phosphates, which provide a third of Morocco's export earnings, and from the war's cost, estimated at $1 million a day. Internationally, he has been virtually ostracized not only by other Third World countries but even by former Western patrons like France. Worst of all, since the Polisario is based in and backed by Algeria, Hassan...
Between 1889 and 1970, the nation ran a trade deficit only once, in the midst of the Depression, in 1935. Yet since 1971, the combination of low productivity and high inflation has reduced both the supply and the competitiveness of U.S. products. Consequently, export growth has been sluggish, and foreign goods have poured into the U.S. at an ever increasing rate. Coupled with the nation's increasing dependence on foreign oil, this has meant that the U.S. has managed to eke out a trade surplus only twice since 1971, running up a cumulative deficit of $59 billion in those years...
Made in America seems at first blush an odd title for a novel about the Mafia, but Peter Maas should be forgiven his irony. Sicily's best-known export has, of course, become as American as frozen pizza. As Maas has shown in The Valachi Papers and Serpico, Cosa Nostra reaches far below the imperial realms of The Godfather into virtually every working-class neighborhood where cash is short and the Mob's loan sharks cruise...
...there. For Zambia, the Tazara Railway, built by the Chinese to open up a land link from Zambia through Tanzania to the Indian Ocean, is almost a writeoff. The railway works, but the port of Bares Salaam cannot cope with the tonnage of copper that Zambia would like to export by that route. The result is that to export its copper Zambia has been paying heavy transport and port costs to Tanzania. At one point, Zambia claimed that 70,000 tons of copper were waiting for shipment at Dar. Shipping delays and subsequent storage charges have seriously hurt Zambia...