Word: exportability
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Dates: during 1970-1979
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...producers' would-be imitators can claim much success. An attempt by several Latin American countries to jack up world banana prices through a universal $1-per-box export tax failed because Ecuador felt that it could not afford to go along. A cartel of four copper-exporting countries agreed last November to try to force up prices by reducing shipments 10%. But demand and prices have continued to fall, and last week the copper countries decided to fight back by holding another 5% of their production off the market. The copper countries are now considering holding more of their...
...exported second-and even third-hand arms. Now some of the newest and most sophisticated aircraft, tanks and missiles are for sale. The MIG-23 going to Egypt and Syria is so advanced that Moscow's Warsaw Pact allies do not even have it yet. The U.S. is allowing the export of the remote-controlled TOW, perhaps the world's deadliest antitank weapon, to Israel, South Viet Nam, Lebanon and Jordan...
...easily the world's largest arms merchant, with $86 billion in "transfers" since 1950.* America offers, it sometimes seems, a weapon for every need and pocketbook, and keeps developing new products (see SCIENCE page 58). Last year, after processing nearly 14,000 export-license applications from private firms, Washington's Office of Munitions Control approved sales to 136 countries totaling $8.3 billion. (Actual deliveries, of course, lag considerably behind sales.) This represents 46% of total world sales. Included were rifles and mortars to Guatemala and Paraguay, supersonic jet fighters to West Germany and Brazil, Sidewinder air-to-air missiles...
...Sweden and Switzerland, to avoid jeopardizing their neutrality, ban arms sales to nations engaged in war or to areas "ridden by tension." Nonetheless, together they export about $75 million in arms annually. The Swedes specialize in sophisticated electronic equipment and fighter planes; Saab's Draken is flown by the Danish and Finnish air forces, and the firm hopes to find NATO customers for its new Mach 2 Viggen. Switzerland's specialties are antiaircraft weapons, which it has sold in quantities to West Germany, Belgium and The Netherlands...
Vinnell Corp., though not exactly a household brand name, is scarcely a do-nothing James Bond Universal Export with a plaque on a door and all mystery within. The privately owned company, headquartered in a Los Angeles suburb, was incorporated in 1945, and has specialized in large-scale building and engineering projects in the U.S. and in more than 40 countries abroad. Vinnell served as the contractor for Dodger Stadium in Los Angeles, paved highways in several Western states, and for a time was a large steel fabricator in Southern California. The company has also enjoyed a lucrative and thriving...