Word: exportation
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Dates: during 1980-1989
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...city, joint ventures between Spanish and foreign firms are mushrooming. Perhaps the most impressive project is a $200 million plant being built by a partnership of AT&T and Spain's Telefonica. The factory will soon begin producing 3,000 highly complex custom-made electronic microchips a week for export. AT&T was lured in part by the Spanish government's aid, which included a $74 million cash subsidy, a $75 million loan and 400 acres of land...
...last week, the mood in money markets was akin to panic. The dollar dropped to a six- year low against the West German mark and fell precipitously against the Japanese yen. Behind the sell- off loomed the mammoth U. S. trade deficit. -- An important study argues that U. S. export controls on high technology do not work properly and hurt American business...
...maintain the U.S. technological edge over the Soviet Union, the Reagan Administration has nurtured a jerry-built device that frustrates both American businessmen and foreign allies. Washington requires so many export controls that it is difficult to ship abroad even such seemingly innocuous products as CAT scanners and a variety of ball bearings. Last week that play-it-safe national-security policy came under fire from a blue-ribbon panel representing the National Academies of Sciences and Engineering and the Institute of Medicine. In a major study, the panel argued that the restrictions do not work properly and that they...
...emphasize the security of manufacturing processes. But Pentagon officials have had a sharp rejoinder to the panel's conclusions. Says Deputy Under Secretary of Defense Stephen Bryen: "In computer technology alone, the Soviets had narrowed the gap on us to a year and a half. Due to our export restrictions, that gap is back up to seven or eight years." With an eye on the horrendous U.S. trade deficit, however, Commerce Department officials are openly sympathetic to the study's criticism. Says Paul Freedenberg, an assistant Commerce Secretary: "We can cut the list. We can be more responsive." The debate...
Things might have gotten a little out of hand, but it was only because a "national hero" lost sight of a few things like the Constitution and the U.S. Congress in his zeal to export the American way of life...