Word: exportable
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Dates: during 1950-1959
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...quite agree," he rumbled, "with the theory that the only way to increase our export of goods is to increase [foreign manufacturers'] opportunity to have their goods admitted into the U.S. I think every shipload of consumers' goods that comes to these shores from Germany, Japan, India, Italy or elsewhere is going to lay idle a corresponding number of American workmen and affect American business in the same ratio...
...talking coal, Lewis exposed a weak point in a major argument advanced by all economic nationalists. U.S. coal never had much of an export market. Coal has been an increasingly sick industry-in part because Lewis' continued demands for wages and pension funds have priced it out of the U.S. market; consumers have turned to oil and gas for cheaper fuel. The sickness was happily concealed immediately after World War II because both European and Asian coal mines were out of commission, and the U.S. exported shipload after shipload of coal to fill the gap. Now foreign mines...
...Thought for Congressmen. Does this mean that coal, and many another U.S. product which has no natural export market, is to be shut out of benefits of an expanded foreign trade? Not at all. The trade-not-aid program assumes (correctly) the existence of a wide and intense demand for certain products, e.g.. automobiles and refrigerators, which the U.S. can make at a price attractive in free world markets. If the U.S. lowers its trade barriers, and imports those products which other nations make better and cheaper, then foreign buyers will have enough dollars to satisfy their demand...
Lewis' sort of talk is bound to be heard more frequently as the debate over trade gets hotter. It is the kind of talk which has a particular appeal to Congressmen who think, erroneously, that their districts have no stake in the export market. Already the economic nationalists have slowed the Administration's campaign to get freer trade. If the campaign is to succeed, the Administration must speak its answer to Lewis and his fellow economic nationalists clearly and often...
Next day at a press conference, the young refugee from neutrality told his story. Born in Poland, he had learned English at the University of Lodz, had never before been out of Poland. When had he first hoped to escape? "The day they came to the import-export government agency in Lodz where I worked and offered me the inspection team...