Word: exportability
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...election results represented a vote of confidence for Garcia's handling of the Peruvian economy. At his inauguration in July 1985, Garcia vowed that he would allot no more than 10% of export earnings for repayment of the country's $14.2 billion foreign debt. The strategy led a year later to a cutoff of loans from the International Monetary Fund and the accumulation of $630 million in unpaid interest owed to U.S. banks. But it has also allowed Garcia to reduce inflation from 184% just before he took office to 59% currently and to increase wages by an average...
...forest for a livelihood, Monarca and the government are attempting to find ways to diversify the area's economy. They have devised an ambitious program to improve the yield of already existing farmland, establish orchards, build more greenhouses (chrysanthemums are already grown in the region and sold for export) and even start fish- breeding pools. Though the plan is only beginning to be implemented, many environmentalists consider it part of a new chapter in Third World conservation. "Setting aside these sites as reserves is only a first step," says Curtis Freese, director of Latin American and Caribbean programs...
...sharp eye for lucrative opportunities. The invaders range from hit-and-run investors mainly interested in fast profits to empire builders who have put down deep roots in the U.S. As the money pours into stores, skyscrapers and factories, capital has suddenly become the most visible Canadian export to the States since ice hockey...
...even export assistance to over 90 countries in the Third World," he says, smiling...
...understand about America's concern with the trade deficit. Let me set the record straight, though. It's China that has a deficit. We need to export more in order to import more," he said...