Word: exportability
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...Agat on a visit to the Soviet Union and wrote about his findings in last November's Byte magazine. Bores, who facetiously dubbed Agat the Yabloko (Russian for apple), discovered that the Soviet machine performs some tasks 30% slower than an Apple. The Soviets would not be able to export Agat to the West, he says, "even if they gave it away." Stephen Bryen, a top Defense Department expert on technology trade, claims that the disk drive on the Agat often breaks down...
...real wars," says I.M. Destler, a senior fellow at the Institute for International Economics in Washington, "trade wars tend to leave everybody worse off." Two years after Washington passed the virulently protectionist Smoot-Hawley bill in 1930, the wave of trade and currency reprisals that it provoked slashed U.S. exports by 60%, helping deepen the Great Depression. Japan's obsession with maintaining supplies of raw materials for its export industries was largely responsible for the Pacific adventurism that led it into World...
Meanwhile, policymakers in Tokyo outraged the Reagan Administration and Congress by what seemed at first to be an effort to please them. The source of the tension: an announcement that the Japanese would retain quotas on the number of cars exported to the U.S. That move deeply disturbed the White House because Reagan last month had invited Tokyo to drop the quotas in the hope that Japan would respond by opening its markets to American products. Said White House Spokesman Larry Speakes: "It's the President's position that export restraints are not an acceptable substitute for market opening...
...trade issues, the President last week sent a special envoy, Gaston Sigur, a Japanese specialist on the National Security staff, to Tokyo with a letter for Prime Minister Yasuhiro Nakasone. The Prime Minister meanwhile said that a new package of measures designed to make it easier to export to Japan will be announced next week...
...will America deal with these downturns? In the short run, we will be hindered by deficit-inflanted interest rates, which in turn have created an export-choking dollar, which is taking a hand in making the U.S. a net debtor...