Word: exportability
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...debt, and Cuban doctors. In fact, his “brothers” in the region often adopt his dubious means, and not only in the rhetoric uttered by Morales. Argentine President Néstor Kichner has greatly benefited from a purposefully weak peso, high commodity prices, and huge export dividends resulting from “redistributing” taxes. However, although the federal state grows richer, that money is used to buy off regional caudillos and the poorer classes continue to see their real income liquated. Just like in Venezuela, a rich federal state is renting support, and drowning...
Summers, speaking at the World Economic Forum, said the emergence of a U.S. economy dependent on imports—and, conversely, the rise of an export-based world economy—will require modification in order to avert a significant economic disruption...
...assistant secretary of commerce for export administration, Peter Lichtenbaum, announced the changes at a meeting last Friday, according to Harvard’s senior director of federal and state relations, Kevin Casey...
...posts in her cabinet-she'll be concerned about preserving the continuity of the country's impressive economic performance. Chile's economy grew 6.3% in 2005, and this year the growth forecast is between 5.25 and 6.25%, fueled mostly by record prices for the country's largest export, copper. Inflation, public debt and unemployment are low, and foreign trade continues to grow, boosted by free-trade agreements with the U.S., Canada, Mexico, the European Union, South Korea and others; new trade pacts are being negotiated with China and India. Infrastructure has been significantly upgraded, crime is down and college enrollment...
...tankers carrying liquefied natural gas (LNG). That equation is shifting. Production in the U.S. has slipped, down an estimated 5% in 2005, largely but not entirely because of storm damage to facilities in the Gulf. Meanwhile, Canada is consuming more of the gas it produces, leaving less to export. In short, we aren't getting enough gas to meet demand--a combustible formula for high prices...