Word: exportable
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Dates: during 1950-1959
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Hardest hit nation will be Peru, which stands to lose $12,000,000 a year in dollar earnings, or about 4% of all export income. Mexico also faces a loss of $12,000,000 in the year ahead, plans to minimize unemployment by giving smaller mines a break on apportionment of quotas within the country. Bolivia will lose $1,000,000, Australia $5,000,000. Some governments will have to cut back budgets to accommodate reduced revenues, may possibly slap on discriminatory quotas against U.S. goods in retaliation. But the State Department hopes the quotas will give an important push...
...help. He went home and raised $500 from his state's Rotary Clubs. Adeline Martin, a clerical worker at the Nouasseur air-base near Casablanca, sold the Volkswagen she had won in a raffle, donated a third of her take to outfit the boy. Finally, the American Export Lines booked Abdie in the owner's stateroom aboard the S.S. Examiner. The trip...
...same is true in cameras. Through the efforts of such topnotch firms as Nikon and Canon, whose cameras are cheaper and almost as good as the best German makes, Japan now enjoys a $6,800,000 export market in the U.S. The Japanese are convinced that it could be bigger still were it not for dozens of other camera makers, who get around export regulations by labeling their third-rate products "toys." Once Japanese businessmen winked at the practice. Today, it aggravates them so that Matsushita Electric Industries Co., Japan's biggest electrical-communications maker, withdrew from...
...First International Conference of American States in Washington in 1889-90. The idea came up again in Mexico City (1901-02), Washington (1931), Montevideo (1933), Buenos Aires (1936), Lima (1938), Guatemala City (1939) and Bogota (1948). By 1948 the World Bank, the International Monetary Fund and the Export-Import Bank had been launched; the U.S. took the view that any added agency would be a duplication, held steadfast to this position at inter-American conferences in Washington (1950), Caracas (1954), Petropolis (1954) and Buenos Aires...
...rise in cost of living to a low (for Paraguay) 1% per month. And Chile's President Carlos Ibanez has sacrificed his personal popularity to back tough economic reforms, made even tougher by a deep slump in the world price of copper, the country's main export...