Word: exportability
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...swapped war stories. "The Egyptians talk mostly about the October War, and we talk about the Six-Day War," noted an Israeli wryly. When somebody raised the question of what kind of work old soldiers should go into after they retire, an Israeli and an Egyptian shouted almost simultaneously, "Export-import!" and the group broke into laughter...
...Exports. In classic theory, a decline in the dollar makes American goods cheaper and therefore easier to sell in foreign markets. That does happen, but the benefits are smaller than is often supposed. Many of the products that the U.S. sells abroad are "price inelastic"; sales do not necessarily go up when the price goes down. The U.S. is a major exporter of commercial jet aircraft and computers. But overseas customers buy them on the basis of quality and need, not price. Much the same is true of another major U.S. export, agricultural goods. The quantity of wheat that American...
Carter's decisions pleased people in the new gateway cities. In Atlanta, John Wilson, president of Multimart, an import-export company, declared that the order "puts the small and medium-sized business directly on the line to Europe." Officials in Tampa, New Orleans and Kansas City predict a big increase in tourism by foreigners...
...centuries, some of the very best jade-a mineral called jadeite-has come from Kachin state in northern Burma. Officially, Burmese President Ne Win's socialist government controls the mining and export of jade; in fact, much of the trade is operated by chieftains of eastern Burma's fiercely independent Shan state, Chinese warlords left over from Kuomintang forces that fled south from China in the late 1940s and various tribesmen in southern Burma who have never acknowledged the rule of Rangoon. All these groups long depended for most of their cash income not on jade...
Among other things, the Japanese promised to abolish some nontariff barriers, eliminate certain export promotion measures, stockpile crude oil, liberalize foreign aid and speed up the growth rate of the Japanese economy from its present annual rate of 5.3% to 7% next year. A key provision calls for tariff reductions averaging 23% on 318 items, mostly industrial goods. For example, the 6.4% Japanese tariff on imported autos would be entirely eliminated. Tariffs on computers would be dropped from 13.5% to 10.5% and on color film from 16% to 11% -two important items. But quotas on the amount of beef that...