Word: exportable
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Dates: during 1950-1959
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With such booming export business the German machine has devoured ever more raw materials from abroad, and Erhard has fed it by four major tariff cuts during the last two years. No country in the world has lowered trade barriers as boldly and sharply. The cuts have also helped to keep prices down at home. German workers, long paid less than other Western Europeans because of the postwar needs of rebuilding and the huge influx of unorganized refugee workers from Eastern Europe, have been reaping the rewards of trusting in Erhard's insistence that production must come before benefits...
...oilmen to build the 2,294-mile pipeline. As one of its first legislative acts, the Tory government created a royal commission on Canada's energy resources−with a mandate to delve into Trans-Canada Pipe Lines Ltd.'s ownership, financial structure, rates and export plans, relations with gas producers...
...Government's new $300 million overseas development fund to aid enterprises that do not qualify for loans from other agencies such as the Export-Import Bank...
...neighbor. Pakistan, is not much better off. Once the breadbasket of undivided India, Pakistan had virtually no industry. In the struggle to industrialize, Pakistan raised industrial output 285% between 1950 and 1955. But so much land was shifted out of wheat into such crops as cotton and jute for export (to get the foreign currency needed to industrialize) that Pakistan has to import grain for her rising population. Now with cotton prices down, throwing its foreign trade out of balance and forcing a cut in imports, prices in Pakistan have risen 20% in six months...
...opinion make for honest, efficient and productive use of the assistance. On the other hand, there should be nothing done that appears to question the right of a country democratically to determine the structure of its own industry or economy. Any suggestion that an attempt is made to export a country's economic philosophy is one that needs to be scrupulously eschewed...