Word: exportable
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Dates: during 1990-1999
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Tehran badly miscalculated its income from oil exports after the Gulf War, counting on an OPEC price hike that did not materialize. The oil industry has not regained its prewar export capacity, and its $16 billion a year in earnings helps prop up other failing state enterprises. The country is already $5 billion in arrears in its foreign-debt repayments, and is expected to be about $10 billion behind a year from...
...composition of the workforce must change before the government will be able to effectively institute a decrease in the political and economic strength of the military. Many laborers can be shifted to sectors of industry in which their skills are still needed. The government could even set up export companies to employ these workers in the production of nonmilitary goods. Other workers and troops could be offered jobs in President Clinton's new program for national service...
...menu of possible assistance programs is lengthy, and Clinton is determined that Yeltsin not leave empty-handed when the two meet in Canada on April 3, assuming they still do. Much of what is being proposed is warmed-over Bush Administration stuff, including an innovative $2 billion fund the Export-Import Bank would target at Russia's sizable oil industry, a plan that acknowledges the money needed to remake the country is in the ground. But the benefits of aiding Russia's energy sector won't be realized overnight, and Senator Bill Bradley's estimable technical- assistance and exchange-program...
...ratified by Congress, NAFTA would eliminate virtually all import-export barriers among the United States, Canada and Mexico over the next fifteen years. The fact that the 360 million consumers in this free trade area would automatically benefit from lowered prices should be a major impetus for the treaty's ratification...
...stakes are rising, as an American economy that was virtually self- sufficient in the 1950s and 1960s has become increasingly dependent on exports for economic growth. Just in the years between 1986 and 1990, the number of Americans who produce goods for export jumped to 7.2 million from 5 million. Export-related jobs have grown throughout the economic slump, and they pay about $3,500 more a year than the average American job. If Kantor is successful in negotiating lower trade barriers, says Senator Max Baucus, a Montana Democrat influential on trade issues, he "will create more new jobs...