Word: exportability
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...Europeans also believe that Reagan refused to invoke the only effective economic sanction against Moscow, an embargo of U.S. grain, simply because he did not want to hurt American farmers. Nonetheless, they complain, the President expects the allies to ban the export of high technology to the U.S.S.R. and shelve plans for building a 3,000-mile natural-gas pipeline from Siberia to West Germany. "These measures would be much more costly to us than anything the U.S. has done," insists a French official. "If the U.S. were to cut off grain sales, then perhaps it could ask Europe...
...declined from 420,000 tons in the early 1960s to an average of 270,000 tons in the past few years. The country's mines, which once produced 35% of the world's gold, supplied only 1% in 1979. Increased oil prices in 1980 took 30% of export earnings. Inflation has reached an estimated 120%. At the official exchange rate, a loaf of bread costs the equivalent of $7.27. The anger of workers, particularly those in the cities who are unable to feed their families, helped create the atmosphere that led to Ghana's latest coup...
...country's rail system suffers from other problems besides guerrillas. Last week railwaymen began returning to work after a seven-day strike that cost the country $14.8 million in export earnings. Zimbabwe also lacks locomotives, although that problem should ease some what in the months ahead. South Africa began returning 26 of its engines that it withdrew from the country last year, and 60 more new locomotives, bought from the U.S. and elsewhere, are due in March...
...Suspending the issuance and renewal of export licenses for electronic equipment, computers and other high-technology items...
Taiwan, South Korea and Singapore are now mimicking Japan's export-led growth. No longer content to be just peddlers of cheap clothing or cookware these new Japans are moving into heavy industry and consumer electronics Singapore is second to the U.S. in building oil-drilling rigs. South Korea has become a major force in world steel production and shipbuilding and is now sending television sets to the U.S. and automobiles to Great Britain. Taiwan is the fourth largest supplier of machine tools to the U.S. and is moving into minicomputers...