Word: exportability
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...Soviets' abuse of such rights had earned them "the condemnation of people everywhere who love freedom." "By their actions," Carter added, "they have demonstrated that the Soviet system cannot tolerate freely expressed ideas, notions of loyal opposition and the free movement of peoples. The Soviet Union attempts to export a totalitarian and repressive form of government, resulting in a closed society...
...long ago a Belgian businessman wanted the European marketing rights for a new U.S. machine tool. After several of his letters went unanswered, he flew out to see the manufacturer, who told him: "We don't export -it's too much trouble." Unlike the aggressive, go-anywhere Yankee traders of old, modern American businessmen have long had at their doorstep the richest market on earth and felt far less pressure than their foreign counterparts to seek exports. But that could be changing...
...Carter Administration has appointed an interagency task force headed by Commerce Secretary Juanita Kreps to put together a package of export promotion measures that should be on the President's desk next week. It's about time. Last year the U.S. had a $27 billion trade deficit, swelled by a bill of almost $45 billion for oil imports. In this year's first four months the gap was $12.5 billion, vs. $7.6 billion for the same period last year. These imbalances have shrunk the value of the dollar overseas, fed inflation at home, cost jobs and raised...
...quiet, orderly and predictable as a sailors' bar on Saturday night. Crop failures sent world prices soaring to 65¢¢ per Ib. in 1974, and overproduction has made them plunge to about 8¢. Late last year the Administration signed the International Sugar Agreement, which would use buffer stocks and export restraints to keep prices between 15¢ and 19¢ per Ib. But the ISA deal must be ratified by the Senate; and Church, who represents a big beet-grower constituency, has kept the agreement bottled up in the Foreign Economic Policy Subcommittee, of which he is chairman. He plans to hold...
...economic bind. Unemployment is unacceptably high, yet efforts to bring it down by stimulating the domestic economy through tax cuts and heavier government spending might pump up already high inflation. Selling more goods to other industrial nations is no answer, either. It leads to furious charges that the exporting country is destroying jobs in the importing nation; witness the anger in the U.S. and Europe against Japan's export prowess...