Word: exportability
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...buoyant. True, the last four meetings between Mexican President Miguel de la Madrid Hurtado and Ronald Reagan had ended with both leaders, who enjoy warm personal relations, agreeing to disagree on most issues. True, since their last meeting in January, the collapse in the price of oil, the major export of Mexico, had pitched the country deeper into its worst economic plight in 50 years. True, the crisis had aggravated pressures on Mexico's northern border and brought tensions between the uneasy neighbors out into the open...
Some businessmen and economists argue that American companies must assume considerable blame for their failure to sell more of their products abroad. Says Charles Nevil, president of the Meridian Group, a Los Angeles-based export-management firm: "American firms have a basic indifference to exports. The hard dollar wasn't the cancer, and the soft dollar isn't the cure" for the deficit. If American exports are to grow, companies must become more adept at satisfying the needs and tastes of foreign consumers...
...M.I.T., cautions that the weakened currency is no panacea. Says he: "The dollar is nowhere near a low enough level to solve the trade-deficit problem." Allan Meltzer, a professor of political economy at Carnegie-Mellon University, is more sanguine. He comments, "I have no problem believing that the export surge is coming." Not surprisingly, neither Meltzer nor anyone else is willing to predict the precise timetable for a turnaround in the balance of trade...
...some of the bloom has gone from its enviable economic achievements. The economy, which during the 1970s grew at a robust 4.5% annual clip, is now slumping, widening the gap between affluent and less fortunate Hungarians. Private and state-run companies are ringing up huge losses, and traditional export markets are shrinking. Says one Hungarian journalist: "The mood is more unsettled and apprehensive in this country than at any time since...
...spend part of the weekend finishing a plan directed at putting maximum pressure on the white ruling class while sparing the black majority unnecessary economic repercussions. It expands on the limited measure imposed by Reagan last September, which prohibited the purchase of Krugerrands in the U.S. and the export of computers to South Africa. Among Lugar's proposals: ending landing rights in the U.S. for South African airlines, freezing U.S. bank accounts of South African citizens, and prohibiting American imports of steel and perhaps coal. Lugar will present his measure to the Foreign Relations Committee next week...