Word: exportability
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...board member Fred Cohn said he was "convinced Harvard has made a bona fide effort to help the city of Cambridge with its housing shortage." He added that the University ought to be awarded the permits because "private higher education is the principal export industry of New England," and that institutions like Harvard had helped the region weather the recent recession...
...development in Brazil, Muller's favorite example of this type of cooperation, provides a frightening case of successful enterprise but mistaken priorities. The government there provided sufficient bait to attract U.S. automoblie manfuacturers and other multinationals. This bias in Brazil toward export-oriented industrial and urban development significantly diluted relief to the rural poor there. Similarly, Muller notes that after years of stangation the Indian steel industry has become an exporter. But at what cost to the millions starving in India's villages and cities? Although his global market plan may provide a boon to the United States and other...
...left is going to mount an offensive, December would be an almost ideal month. It is harvest time for major export crops-coffee, sugar cane and cotton-and disruption in the fields could deal the shaky economy a crippling blow. Leftists are also concerned that the going may get rougher after Ronald Reagan's Inauguration in January. Reagan aides have promised that the new Administration will support the junta and the army against the leftists. In addition, a report by Reagan's State Department transition team proposed changes that would curtail the influence of social reformers throughout Latin...
Meanwhile, India's economy is hamstrung by an ever increasing oil import bill, which consumes 60% of the country's export income. India depended on Iraq and Iran for roughly two-thirds of its oil imports; with those supplies restricted by the Persian Gulf war, and domestic production cut by the disruptions in Assam, New Delhi has had to scramble for new sources of oil, including the spot market. Although monetary restrictions and liberalized imports have reduced India's inflation rate from 22% in January to 15% today, such commodities as sugar (52? a lb.), and lentils...
...trifling. Inflation is on the rise, yet still only 5.3%; unemployment is just 3.8%. But these numbers will worsen next year when the growth rate, now a feeble 2%, is expected to drop to almost zero, as rising prices for imported oil and increased foreign competition weaken the heavily export-based economy. The balance of payments deficit, which was $1 billion in 1979, will probably balloon this year to $20 billion, which would be the highest of any industrialized nation. West Germany has also accumulated a national debt so large-it now totals $231.8 billion -that it became a highly...