Word: exportation
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Dates: during 1970-1979
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...Export of Jobs. Labor's principal target is the American multinational corporation. Union leaders argue that the main reason corporate giants now expand overseas is not to develop new markets outside the U.S., but to take advantage of cheap labor and manufacture goods that are eventually sold in the U.S. Since the technology and management expertise that U.S.-owned companies have abroad are equivalent to that in U.S. plants, say union men, the effect is to deprive American workers of their normal productivity edge-and increasingly of their jobs. "Foreign competition as we knew it over the years does...
First Victims. The figures are somewhat misleading because they include the products of "real" foreign competitors like Volkswagen and Sony as well as those of U.S.-owned subsidiaries. Moreover, labor leaders do not dwell on the fact that export-related jobs in the U.S. increased by 200,000 during the same period. The trouble with most of labor's remedies is that they would penalize all foreign competitors and thus invite widespread retaliation against U.S. exporters. The employees of these export firms could well be the first victims of any trade...
...million people will soon be both willing and able to earn their own way. That is, of course, a tall order. Even at the peak of the fighting between the French and the Viet Minh during the "first Indochina war," South Viet Nam derived some income from exports of rice and rubber. But now many of the plantations are in ruins, rice is imported from the U.S., and the leading export is scrap metal left behind by the departing U.S. military. Exports bring in a bare $16 million a year, while imports are running at an annual rate...
...establish diplomatic relations with Cuba. Chile did so a year ago, Mexico has maintained relations with Havana all along, and Argentina and Venezuela may follow. The result could be a rapid erosion of the isolation that was imposed on Cuba in 1964, when Castro's attempt to export revolution to Venezuela was exposed and the Organization of American States invoked trade and diplomatic sanctions against Havana...
Translation, Please. Such success is rare. Japanese industry, of course, has developed an enormous American demand for its export products, but high wage costs have kept all but a handful of Japanese firms from even trying to manufacture in the U.S. Aside from Mitsubishi, Japanese companies own and operate only four plants in the U.S.. and all are experiencing difficulties. The main reason is that Japanese executives in the U.S. tend to base production schedules on the pace of Japanese factories, where workers put in six eight-hour days a week. When Mitsubishi took over the San Angelo plant...