Word: exportability
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...Ivory Coast the weak spot was falling world prices for cocoa, its chief export. The government unveiled plans in mid-February for sweeping income tax increases to offset the public-sector deficit, sparking two months of often violent strikes and street demonstrations. Little used to overt dissent, the government responded with force. Police and soldiers broke up protests using truncheons, tear gas and occasionally live ammunition. One schoolboy was shot dead...
...frigid climate of the cold war, the U.S. and its allies barred their companies from selling high-tech wares with potential military use to the Soviet Union and the nations of Eastern Europe. But the current thaw prompted the Bush Administration last week to propose a relaxation of export controls on 43 of the 120 types of restricted products. Among them: personal computers, precision machine tools and telecommunications equipment...
...will present the plan next month to fellow members of the Coordinating Committee on Multilateral Export Controls. Some U.S. business leaders and politicians argued that the Administration's proposal covered too few products. Said Sam Gejdenson of Connecticut, chairman of the House Subcommittee on International Economic Policy and Trade: "It is in the interest of the U.S. to provide advanced technology to the countries of Eastern Europe. The President's proposals don't begin to meet the need...
...abandoned in the 1940s in favor of the Cyrillic alphabet, is again being taught. The image of the Mongol hero is back in vogue: a nearly completed joint-venture hotel is named after Genghis Khan, and his visage adorns the label of a local vodka that is bottled / for export. An elaborate memorial to the warrior will soon be constructed in the capital. Meanwhile, the last of the Stalin statues in Ulan Bator has been dismantled...
...martial metaphors and atmosphere of antagonism are perhaps inevitable in any situation in which interest is set against interest. But they are not appropriate to the present state of transatlantic trade, which is one of near equilibrium moving toward a modest U.S. export surplus. As recently as 1987, in the aftermath of the overvalued dollar, the U.S. ran a large deficit in trade with the Community, but once the dollar came back to earth, that deficit dwindled, just as the experts said it would. Today the E.C. is no longer a factor contributing to the U.S. trade deficit...