Word: exportable
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Dates: during 1990-1999
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COMPETITIVE ADVANTAGE The demise of the Soviet Union shifted resources from defense to more productive uses and opened new export markets, labor pools and natural resources. Government's belt-tightening means Uncle Sam needs to borrow less, leading to lower interest rates. This year the deficit is expected to shrink to about $70 billion, down 75% from $290 billion in 1992. The annual red ink is now less than 1.4% of gross domestic product, the lowest of any industrialized country. Result: a productivity-driven boom...
...presenting a policy paper designed to serve as blueprint for government control of the Internet, from copyright protections to privacy considerations, the President called for key patent and intellectual property policies to be developed in the next year. While the paper recommends that the government maintain restrictions on the export of sophisticated encryption technology, it takes the position that the U.S. should not impose any new taxes on Web commerce, meaning transactions conducted on the Internet. The encryption provision irks software makers, who make 48 percent of their profits overseas, and fear they will lose market share to foreign competition...
...satellite photos showed that the layout of the plant in the Rawalpindi suburbs was similar to an M-11 rocket facility in Hubei province in central China. Reports from agents on the ground, along with telephone intercepts, revealed that about a dozen engineers from the China Precision Machinery Import-Export Corp. have visited the Rawalpindi site. The state-run corporation, based in Beijing, is in charge of marketing missiles like the M-11 overseas. The CIA also spotted crates containing what it believed were machine tools for building rocket motors being shipped by the Chinese corporation to the plant...
...Orthodox Church that was the driving force behind the move. The church has increasingly seen its hold over Russian souls wrested away by foreign upstarts from Hare Krishnas to Mormons to Aum Shinri Kyo wannabe-cults. Calling on a war chest (supplied by its duty-free, multimillion dollar oil export and cigarette import deals, according to the Russian-language weekly Kapital), the Church wields enough political clout to squelch the competition -- and keep Russian souls at home...
That value is purely theoretical, however. Both the export and import of ivory are illegal because of a 1989 international agreement that declares elephants a "most endangered" species. Namibia's treasure is, practically speaking, worthless, as are the hoards sitting in neighboring Zimbabwe and Botswana--an estimated $8 billion worth at last count. All three nations are, frankly, fed up with having to sit on all that wealth. So when the Convention on International Trade in Endangered Species (CITES) assembles for its biennial meeting this week in Harare, Zimbabwe's capital, delegates from around the world will be asked...