Word: exportability
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While there is little doubt that many Japanese companies continue to pursue an aggressive export strategy, it is far less clear whether their home market is rigged against foreign competitors, as their critics charge. Many American executives argue that Japan's interlocking company relations and complicated distribution system pose an unfair burden to red-blooded American business. Why, they ask, do three Japanese glassmakers control nearly all of the $2 billion sheet-glass market in Japan despite efforts of American producers to sell quality products there? A recent study by the American Chamber of Commerce in Japan concluded that...
Anyone who draws satisfaction from this state of affairs is making a serious mistake. The world economy is too closely intertwined for any country's hardships to be anything but bad news for everyone. With so many nations relying on export sales, simultaneous recessions could pull the whole trading system down...
...should have stayed home. The President's call for free trade boomeranged in Australia, where farmers were quick to point out that export subsidies for American grain prevent wheat grown Down Under from being sold competitively in the world marketplace...
...potential victim has any kind of air defense, the bombers could easily be shot down before hitting their target. Missile warheads are the preferred method for delivering a devastating blow -- and North Korea produces missiles that can carry nukes, not just for its own use but also for export. As part of the round robin among the secret developers, North Korea early this year sold to Syria (which may have a fledgling nuclear-weapons program of its own) a batch of Scuds; they carry bigger warheads than the missiles Saddam Hussein launched against Israel and Saudi Arabia...
CIRK VALENTIN. The only animal in this circus is a graceful rat, but amazing acrobatics staged by Valentin Gneuschev of Flying Cranes fame make Moscow's latest export fun for the entire family. At Broadway's Gershwin Theater through Jan. 5, followed by a national tour...