Word: exportation
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Dates: during 1970-1979
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Many of Busia's troubles were not of his own making. Since he came to power, the world price of cocoa, Ghana's chief export crop, has dropped from more than $ 1,000 a ton to as low as $466 last month. More important, Busia inherited a staggering national debt of more than $1 billion from the Nkrumah regime, which he had tried desperately to reduce. The price was the allocation of a quarter of this year's budget to interest and debt repayment, and postponement of other national priorities...
Fred Branfman, a reporter for Dispatch News Service who lived in Laos for four years reports that in the three years before June, 1966, Laos's exports totalled $3,000,000 while imports totalled $108,000,000--an import-export ratio of 36 to 1. Recent government reports say that the ratio between 1964 and 1968 was 14 to 1. Other reports run as high...
FOREIGN TRADE, a weak sector in the economy last year, will turn into a plus. In 1971, the U.S. imported around $890 million more worth of goods than it exported, running its first deficit in merchandise trade since 1893. But dollar devaluation and foreign currency realignment will cut the export prices of U.S. coal, jetliners, soybeans and other products, while raising the import costs of Japanese cameras, French wines, Italian shoes and similar goods. Exports should surge ahead of imports again by anywhere from $1.5 billion to $3 billion, creating more sales for domestic companies and more jobs for workers...
...trade ministry predicted rather optimistically that the revaluation will have practically no effect on some major Japanese exports-including autos, ships, cameras, wristwatches and steel bearings-either because there are no suitable substitutes or because the Japanese prices will still be lower than competitors'. The export sales that are "considerably" threatened-or worse -says the ministry, include trucks, electric machinery, aluminum, toys, radios and tires. Even so, stock prices also rose on the Tokyo exchange, indicating that experts do not expect severe business reverses in Japan...
...against each other. Canada, which expects to come out of the reshuffle with a dollar priced slightly below the U.S. dollar, will be helped far more by removal of the U.S. surcharge than it will be hurt by American devaluation. France will have to surrender some of the export advantage it has gained over Germany, because the realignment will close part of the gap that yawned between the franc and the mark during the months of currency fluctuation. For both countries, the franc-mark relationship is vastly more important than the price of either currency in dollars...