Word: exportability
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...Lorean is seeking an infusion of $70 million in government export loans, but negotiations between the firm and the tightfisted Conservative administration of Prime Minister Margaret Thatcher have erupted into a public game of chicken. Said a Thatcher spokesman last week: "This government does not regard De Lorean as a bottomless pit. You can't keep throwing good money after bad." De Lorean quickly reminded officials that his firm provides 2,600 jobs in a violence-prone and depressed section of Northern Ireland, where few corporations have ventured...
Japanese officials correctly point out that at least some of the blame for lagging U.S. exports to Japan belongs with American businesses. Traditionally, U.S. companies have never felt a strong urge to export, since all the sales they needed could be found in the vast U.S. domestic market. Japan, for example, has 13 times as many people employed in export businesses as the U.S., and six times as many export trading offices. While Japan has a small army of English-speaking businessmen in the U.S. studying the American market and tailor-making products to sell in the U.S., American businesses...
...days earlier, Deputy Premier Janusz Obodowski had declared that Poland needed a yearlong moratorium on all debt payments and a new loan of $350 million. Nor were the latest statistics on the Polish economy encouraging: in 1981 the total value of goods and services produced fell by 14%, while export earnings dropped...
Guatemala is in no shape for that kind of sacrifice. The country is attracting virtually no foreign investments, and international banks are phasing out loans as they come due. Tourism, once Guatemala's third largest source of foreign exchange, has dwindled to a trickle. Major export crops such as coffee and cotton are also suffering. The economy is stagnant; the country's foreign exchange reserves have fallen from $718 million in 1979 to an estimated $70 million today...
Reagan's ban on high-technology exports to the Soviets will have virtually no effect unless similar actions are taken by America's allies. The Soviet Union imports no more than 3% of its machinery, computers and other sophisticated equipment from the U.S., but relies heavily on Western Europe and Japan. At a meeting last week, the foreign ministers of the ten European Community nations agreed to a promise that their countries would not take actions to undermine the U.S. sanctions. But they adopted no sanctions of their own. Next week, the Coordinating Committee on Export Controls (CoCom...