Word: exportability
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...attitude toward nearly all the problems of the Yugoslav economy. Alone among Red peoples, Yugoslavs may freely travel to the West. Many do, and stay to work, but they send $60 million back home each year. Nearly 87% of the land in Yugoslavia is still privately farmed. "We exported grain last year," shrugs a Belgrade official. "How many other socialist countries export grain?" The government is in the process of handing over more and more independence to local factory management. "Within five years," says a Belgrade economist, "our factory managers will control, without state interference, the spending...
...London, Leeds or Liverpool, the average person was hardly aware that anything was wrong. Food prices stabilized after an initial upward flurry as supplies from the Continent continued to arrive in foreign ships. Unable to export for lack of ships, British automakers simply upped their production of right-hand-drive models for the home market, and British buyers snapped up nearly all they could produce...
...gaily painted trucks, reach out into the countryside to draw off the surfeit of Thailand's bounty for world markets. Trains of wooden barges riding low in Bangkok's muddy Chao Phraya River carry rice, corn, copra, reams of incomparable Thai silk, jute-and illicit opium-to export. With the Thai annual growth rate of 7% a year, the baht (formerly called the tical and still worth a nickel), backed by gold and foreign-exchange reserves of nearly $650 million, is one of Asia's hardest currencies. The men who administer the Thai economy, and indeed...
...already at least 500 ships and 12,000 of Britain's 65,000 seamen were idled, and the strike was having severe effects on Britain's economy. Despite Prime Minister Harold Wilson's warnings, some grocers hiked food prices about 10%. The government forbade the export of meat to conserve the domestic supply. Britain's big automakers may be forced to cut back production and lay off workers because of interrupted exports. Slowdowns were ahead for other British manufacturers, as stocks of imported raw materials diminished. The loss in sales abroad was certain to hurt Britain...
...odds, Callaghan's greatest surprise was a "selective employment tax," aimed at redistributing Britain's strained labor supply to provide more goods for the export trade-without causing unemployment at home...