Word: exportability
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...needs are most conspicuous in the impoverished states, many of them new nations. Almost by definition, an underdeveloped country is an undercapitalized country. Struggling to advance from muscle power to the machine, its people anxiously eye their smokeless horizons in search of capital to build factories, hire managers and export young men to universities from Göttingen to Berkeley. They cast an envious glance at such cities as San Juan and Teheran, which have risen from squalor to considerable splendor in less than a generation. The modern influences of communications-tourists, transistor radios, Hollywood films, advertisements-have carried...
...balance of payments deficit that reached $1.3 billion last year. He hopes to turn that deficit into a $1.2 billion surplus this year by the blunt and bru tal method of taking money from British pockets. If the British have less buying power, he reckons, they will import less, export more...
...Spanish Guineans to form at least half a dozen noisy political parties to work off their steam. Many politicians in Fernando Poo want the island to remain part of Spain. Those in Rio Muni want independence, but they also hope to keep the $7,300,000 a year in export subsidies and $670,000 a year in budget support that Spain now provides. "Guineans do not want their independence to resemble a bottle of euphoria," says champagne that Bonifacio Ondó evaporates in Edu, 48, Prime Minister of Spanish Guinea and the man most likely to lead the new nation...
Less than 13% of its land is arable, only about 66,000 of its 2,500,000 citizens have paying jobs and the average income is only $60 a year. The country's only export earners are bananas, hides and scrawny cattle fed on thorn scrub. The only "pipelines" for drinking water are the donkeys that carry it on their backs to the cities from nearby water holes. The country's first five-year economic plan was so modest that Planning Ministry Director Ahmed Botan described it as "a collection of wishes dependent wholly on foreign...
...little hope of it. American corporations have invested $55 million dollars in Haiti, but their effect on the economy has been negligible. Only a flour mill, which imports its wheat from the States, sells in the Haitian markets. The other products--coffee, bauxite, and sugar--are all for export...