Word: exportable
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...Burdened? The U.S. has done much. Last year the lending power of the Export-Import Bank (which does 40% of its business in Latin America) was boosted from $5 billion to $7 billion. The U.S. agreed before last week's meeting to contribute a major share in the initial $1 billion capitalization of a new Inter-American Development Bank. But the U.S.'s Delegate Thomas Mann, Assistant Secretary of State for Economic Affairs, pointing to "the very heavy burden which the American taxpayer today bears in order to create a defensive shield...
Besides wages, there are other explanations for the loss of the U.S. competitive edge. Some U.S. exporters fail to study the foreign market, use it only as a dumping ground for surplus that they cannot sell to the U.S. For example, Germany dominates the radio-set market in Ecuador because her makers produce a compact, high-quality, inexpensive multiple-short-wave set; it sells well in a country where much of the listening is to foreign stations. Comparably priced U.S.-made sets bring in only nearby stations, have only a limited market. U.S. businessmen find it hard to obtain Government...
Some German businessmen were openly cool to U.S. investment. "American stock purchases overseas," said Georg Bruns, manager of the Frankfurt stock exchange, "often have a speculative character. We need sound, long-term support from .our shareholders. Also, Germany must export capital to rid itself of high currency reserves. There are already not enough shares to meet demand...
...exciting-and profitable-was the ancient art work that Mexicans started collecting, hired peons and Indians to do their digging. Mexican authorities became conscious of their ancient heritage, prohibited the export of valuable art. Result: a new spurt in excavations and the rise of smuggling. As more exotic relics appeared in the U.S.. such art buffs as Nelson Rockefeller, John Huston, Charles Laughton became avid collectors and paid top prices...
Foreign makers contend that this is plain trade nationalism. For one thing, a mere one-half of 1% of the U.S. electric supply depends on foreign generating-equipment. Also, U.S. makers export far more heavy electric equipment than the U.S. imports-$840 million exported, v. $61 million imported from 1952 to 1957. Private utilities have bought little foreign gear, but the Tennessee Valley Authority last month selected Britain's C. A. Parsons & Co. Ltd. to build a 500,000 kw. turbogenerator-one of the world's biggest-at Tuscumbia, Ala., and said that Parsons is indeed "qualified, technically...