Word: exportability
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...part because Tanzanian farmers lacked incentives to cooperate. As a result, production of Tanzania's key export crops (coffee, cotton, tea, pyrethrum and sisal) is 40% lower than it was in 1970. The manufacturing sector, which was also taken over by the state, has fared no better. Mainly because of a lack of foreign exchange to buy raw materials and spare parts, many factories are now operating at less than 20% of capacity. That has sparked a vicious circle of economic decline. Without consumer goods to buy, farmers produce only enough food for themselves, which in turn means even...
...Bourguiba also fired Interior Minister Idris Guigah, who called out the security forces in the riots. But in defusing the violence, Bourguiba also took a step backward in resolving Tunisia's long-term economic problems. The global recession and plummeting prices of crude oil, Tunisia's principal export, have reduced revenues. The food subsidies, which would have cost the government an estimated $236 million in 1984, were a sensible target for austerity measures and had been suggested by the IMF and the World Bank, as well as Tunisian economists. Instead, the cuts needed to keep Tunisia...
Administration officials are just as eager to improve relations. President Reagan plans to visit China in April. Last year, to ease tensions further, the Administration lifted U.S. technology-export-control regulations that put China in the same restricted group as the Soviet Union, thereby permitting the sale of sensitive technology to Peking. That in turn paved the way for two other agreements that Zhao and Reagan will sign at the White House. The first is an accord on industrial and technological cooperation aimed at expanding American involvement in the development of Chinese industry and commerce. The second is the renewal...
...justifying his actions, Abacha cited Nigeria's "grave economic predicament," brought about, he said, by an "inept and corrupt leadership." Oil normally accounts for 90% of Nigeria's export earnings, but the world petroleum glut sent those revenues falling from a peak of $26 billion a year to $10 billion. Corruption in Nigeria is rampant...
Throughout his New World adventure, however, Lafayette remained curiously immune to the principles he was fighting for. "It had not yet occurred to him that democracy was for export," writes Bernier. The soldier returned to France an enthusiastic supporter of the ancien régime. Yet as the toast of Paris salons, he met some of the new egalitarian thinkers of the day and became a genuine convert to the cause of democracy. His new ideals and his ever growing popularity drew him into the French Revolution, and at 31 he became vice president of the new National Assembly...