Word: exportation
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Dates: during 1970-1979
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Shultz also announced that the United States will phase out by the end of 1974 its controls on the export of U.S. capital. He said that the devaluation and the other moves taken by the Nixon administration will benefit "the American working man, businessman and the consumer...
...cities in search of the $1-a-day wage required by Haitian law. Many of the jobs they find are in small assembly plants, which contract with foreign firms for the cheap labor of Haitian workers. In one plant, 3.7 million Rawlings baseballs are stitched together every year for export to the U.S. Explains Owner Jules Tomar: "Baseball sewing is a nonexistent art in the U.S." But even these jobs are few and far between; at least one-third of the Haitian population is unemployed...
...richest men in Central America. He has extensive holdings in, among other things, cotton, coffee, shipping, fishing, Nicaragua's Lanica airlines and neighboring Costa Rica, where he is the largest foreign landowner. He is a regular contributor to American political campaigns; this year his cattle ranches will export 25 million lbs. of meat to the U.S. Before the quake hit, Tachito was hoping to spend the next two years or so on his country's political sidelines. Because Nicaragua's constitution bars him from immediately succeeding himself to a second five-year term as President, So moza...
Most of the economic progress has come from increased foreign investment. In "Export Processing Zones," workers eat, sleep, and work in new factory complexes. The products are all exported and as a result are duty-free. The manufacturers, mostly American and Japanese, come to Taiwan because the workers are measurably more efficient than those of their own countries, and because at a dollar a day, they are cheaper...
SHIAO MEI is 19 years old, and one of 20 girls who sew light blue buttons to light blue-shirts in a factory in the Export Processing Zone at Kaohsiung. Thirteen out of every fourteen days, she rides her rusty bicycle from the dormitory, where she lives in a fourth floor room with seven other girls...