Word: exportation
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Dates: during 1970-1979
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Unfair Odds. Specifically, India has clamped a ban on the roughly $2 million annual export of snakeskins. That seemingly modest action was, in fact, a firm declaration of war against the nation's estimated 4.8 billion rat population, which outnumbers humans by a ratio of 8 to 1. Those are unfair odds. India's rats are believed to eat or destroy almost half the grain consumed in India-100 million tons; moreover, the rats are disease carriers, profligate breeders and just plain pests...
...serious economic trouble; its fortunes rise and fall on the world price of copper-the country's principal export -which has dropped from $1.41 to 68? per lb. over the past two years. Zaïre has recently begun to pay the price for Mobutu's grandiose development schemes, including a national airline, a $1 billion hydroelectric project and a new $800 million copper complex. The government was forced to devalue the currency by 42% this spring and has defaulted on $400 million in foreign loans. The inflation rate has shot up to 120% over the past three...
...this year, and inflation is running at 5.2%, one of the lowest rates in any developed country. Yet, paradoxically, the very vigor of the comeback has created an increasingly worrisome problem. The rising value of the mark against other major currencies is threatening to cut into critically important export sales by putting many German goods at a price disadvantage in world markets...
...trade figures are not going to improve very much, because import prices are going up quicker than export prices. But we've got a real prospect now in the export markets. One fortunate thing is that the American economy is now taking off again...
...Treasury, but the U.S. is willing to try unorthodox tactics these days to pressure General Augusto Pinochet Ugarte into loosening up his regime. Chile needs cash: this year payments of principal and interest on its foreign debt will total $800 million, or 43% of the country's expected export earnings, and the economy is barely limping along (see ECONOMY & BUSINESS). Yet few outside lenders have been willing to help out in the face of international condemnation-most recently, by the United Nations Human Rights Commission-of detention and torture of Chilean political prisoners. So last month when Chilean Finance...