Word: exportation
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...term elections. One person it won't help is Hannah. Agricultural production in most poor countries accounts for up to 50% of GDP, compared to only 3% in rich countries. But most farmers in poor countries grow just enough for themselves and their families. Those who try exporting to the West find their goods whacked with huge tariffs or competing against cheaper subsidized goods. The World Bank calculates that the annual cost to poor countries of industrial-country trade barriers is six times the amount developed countries spend on aid. In 1999 the United Nations Conference on Trade and Development...
...lesson is that tracking opening weekends has become a national pastime. Regular people don't track what Windows 2000 pulled in on its first day of sales or how many Toyota Camrys were driven off the lot that first week. But movies, as our proudest and most exciting cultural export, are monitored by Americans the way they used to watch the NASDAQ. There's a kind of pride that we can blow $115 million in one weekend on a comic-book movie; Spider-Man was our May Day. And if $115 million of fun was going on in one weekend...
...understand why, it's important to remember what made the miracle happen. At the root of the Asian economic success were two decades of robust export performance, much helped by undervalued currencies. (It was when the U.S. dollar, to which many local currencies were pegged, started to rise in the mid-'90s that systemic weaknesses in the Asian economies became apparent.) But "outward orientation," as the academics called it, wasn't the whole story. Domestic demand grew rapidly too. Two components of Asian domestic economies were particularly important. First, there was construction, which remade the skylines of every city from...
...informal talk, Farmer complained that developing nations can often not afford the medical supplies they need because of high export costs...
...understand why, it's important to remember what made the miracle happen. At the root of the Asian economic success were two decades of robust export performance, much helped by undervalued currencies. (It was when the U.S. dollar, to which many local currencies were pegged, started to rise in the mid-'90s that systemic weaknesses in the Asian economies became apparent.) But "outward orientation," as the academics called it, wasn't the whole story. Domestic demand grew rapidly too. Two components of Asian domestic economies were particularly important. First, there was construction, which remade the skylines of every city from...