Word: exportable
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Dates: during 1950-1959
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...little cashmere-sweater town of Hawick, with a working population of only 3,500, earned some $10 million in foreign currency last year -almost $3,000 per worker. To keep the dollars rolling in, the Scottish Council makes continuing surveys of foreign markets, puts out a monthly magazine listing export opportunities, and peppers Scottish exporters with useful tips, such as: "The president of the Canadian Association of Purchasing Agents is a Scot!" The council has lured 22 U.S. and two Canadian firms to Scotland, ranging from watchmakers (U.S. Time Corp. and Westclox) through electric razors (Sunbeam) and business machines (I.B.M...
Prosperity has brought a problem strange to Scotland-the need for more manpower. Over the years, Scotland's greatest export has always been Scotsmen. There are four Scots abroad for every one in Scotland. Its white-collar class fled from its dour hills and sooty cities, and as the warmth died from the great Glasgow furnaces, its best working manpower drained away to other lands. Today that wasting loss of the nation's best blood has been stanched...
Still more does U.S. prosperity depend on export markets. Four million Americans work directly for overseas customers. In 1952 U.S. foreign sales of earth-grading machinery were equal to 30% of production; tractors, 23%; textile machinery, 22%; typewriters, 19%; trucks and buses, 16%; refrigerators, 13%; cotton textiles, 9%. U.S. farmers exported the produce of 40 million acres of land-between one-quarter and one-half of all their cotton, tobacco, corn and wheat. About 30% of all U.S. farm marketings are dependent on foreign buyers, and in 1951 farm-export income, divided evenly among U.S. farmers, equaled...
...grace," remarked a Latin American delegate to the inter-American economic conference at Rio. To the end last week, the U.S. delegation stuck amicably but steadfastly to the main line laid down at the beginning by Secretary of the Treasury George Humphrey: a promise of "expanded" loans from the Export-Import Bank and the World Bank, together with an urgent recommendation that the Latin nations try to attract more private U.S. capital...
...Latinos wanted price floors for the raw materials they supply the U.S.; Humphrey countered that "We as governments should reduce . . . our own intervention in the fields of commerce and industry." The Latinos wanted outside financing totaling $1 billion a year; Humphrey suggested "intensified and expanded" loans by the Export-Import Bank and the World Bank, and" promised that the U.S. would be not only a Good Neighbor but also a Good Partner...