Word: exportability
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Japan's approach to capitalism is by no means free of problems. Even wealthy Japan has limited capital resources. To stimulate investment in export industries, the nation has held taxes low and scrimped on domestic spending. Housing and such basic necessities as roads and urban sewer systems remain inadequate. Demands for improved public services are bound to intensify, and that could lead to higher taxes, slower industrial growth, and the danger of growing disputes over how the country is to spend its riches...
...announcing the export ban on 17 million tons of U.S. grain to the U.S.S.R., the White House estimated that perhaps 3 million tons of that might be bought elsewhere. Now Administration officials admit that Moscow will buy at least 6 million tons from other grain exporters, and Peter Rankin, director of food policy studies at Georgetown University's Center for Strategic and International Studies, estimates that the Soviets will be able to buy up to 11 million tons. Says Clayton Yeutter, president of Chicago's Mercantile Exchange: "In the end, the Soviets will get all they want...
...Liverpool, where a firm called Eutron Ltd. had hired a British bonded warehouse company to store and label bottles of French wine shipped in from The Netherlands. Eutron ran up a $22,000 bill with the warehouse, which in turn seized 3,000 bottles of wine still awaiting export to the U.S. Meanwhile a British customs officer got curious about the special green certificates of origin that under European Community rules must accompany quality wines. On the Dutch seal on one form, he noticed, the likeness of Queen Juliana was facing in the wrong direction: it proved...
...Ducci complains. "Why do we then continue to offer hostages to imams and to fortune?" Enrico Jacchia, a noted Italian political scientist, is somewhat more philosophical: "We assumed that the Western principle of diplomatic immunity could be applied everywhere in the Third World. In other words we wanted to export our way of life?and it didn't work...
...aims. As long as the U.S. continues to sell planes, tanks, and guns to any government that feels--or imagines that it feels--the hot breath of Soviet pursuit, it runs the risk of being seen as a warmongering imperialist. With the production of a fighter plane strictly for export, we step blatantly into the role of "agent of destruction," not "defender of the free world...