Word: exportation
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Dates: during 1980-1989
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...another fast-rising issue: industrial competitiveness. Legislators began picking up that term during 1986, often as a politically palatable way to champion trade restrictions designed to help beleaguered industries in their home states. Some of those measures, which Congress is likely to debate in early 1987, could include export subsidies, import quotas or other protectionist steps that the Administration generally opposes. To pre-empt any protectionist bill, the Administration said in December that Reagan would announce his own competitiveness-boosting plan in January's State of the Union address. The Reagan proposal would emphasize increased productivity at home, probably through...
...particularly needs to improve its export sales, because the economy is unlikely to benefit from any significant gain in spending among American consumers next year. Since the recovery is so far along, much of the demand for major items, such as houses and autos, that built up during the last recession has been satisfied. While consumers remain fairly confident, they have already gone on an extended shopping spree paid for by a heavy load of installment debt. Just this past fall, millions of consumers rushed to the auto showrooms to take advantage of cut-rate financing offers. "They...
...civil rights leader, the Rev. Jesse Jackson achieved his greatest gains -- and publicity -- through boycotts of consumer products whose makers discriminate against minorities. Now Jackson has taken his campaign to Japan, whose auto and electronics corporations not only export to the U.S. but are a growing presence in American manufacturing. At rallies and press conferences during his five-day visit, Jackson attacked Japanese firms for ignoring minorities. He asserted that blacks in the U.S. own some 2 million Japanese cars but have fewer than five dealerships nationwide. If Japan's businesses do not enter into a "mutually respectful and beneficial...
...free to compete around the world with the British bank. Said he: "We are a very powerful bank, and we can continue extending our business abroad." Experts consider the bank's $116 million price tag a bargain for the South Africans. Moreover, because of tight currency rules that prohibit export of capital except at unfavorable exchange rates, the British Barclays will keep the proceeds from the sale on deposit in South Africa for at least a year...
Since many Japanese firms have traditionally relied on a growing export market, the change in currency values is devastating. Last year Japan's $174 billion worth of exports accounted for more than 13% of the country's GNP. But this year exports are likely to fall. Shipments of color TV sets in October were down 49% from the same period of 1985, the third consecutive monthly drop. The Japan Automobile Manufacturers Association calculates that at an exchange rate of about 160 yen to the dollar, auto exports to North America will decline 28% in the year ending March...