Word: exportations
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Dates: during 1940-1949
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...report recognizes that while a sharp reduction in Britain's population would reduce its need for imports, Britain's ability to export would also be reduced. "It would be premature to assume that the balance of payments problem will necessarily constitute a serious argument against a moderate increase in numbers...
...costs $140. By year's end, because of the influx of refugees and army demands, the island, once self-sustaining, may be short of food. Government monopolies (inherited from the Japanese) and fixed prices for island products make it next to impossible for anyone but the government to export. Imported consumer goods are priced beyond reach of the average Formosan. "The Chinese are squeezing us," complain the islanders. "They put everything into their pockets. They act like people who don't plan to be around very long. The Japanese at least furnished us with the cloth and consumer...
That is why Britain is finding it harder & harder to sell in dollar countries. In a few other countries, e.g., Belgium and Italy, British export trade is running into trouble for the same reasons, but, in general, the pound position as against other "soft" currencies has strengthened rather than weakened. In other words, if the British cut the official rate to, say, $3.50 in order to get in line with the dollar, other countries would devalue their currencies to get in line with the pound...
Wheat Deal. Under pressure of the second largest wheat crop on record, the U.S. ratified the international wheat agreement (TIME, April 4), which gives U.S. farmers an annual export market of 168 million bushels for four years. The wheat pact, which will cost taxpayers an estimated $84 million in subsidies to farmers for the first year's exports (because export prices will be lower than domestic support prices), goes into effect July...
...delegates had more to worry about than recent defeats in county elections (TIME, April 18). The sharp spring drop in Britain's exports threatened rising unemployment. Many economists would welcome this, on the argument that a "normal" pool of unemployed would act as a brake on trade-union demands which have been pushing up production costs and pricing British goods out of export markets. Laborite politicos, however, believed that in the present mood of Britons a "normal" unemployment of 1,000,000 would kill the Labor Party's hopes of winning next year's general elections...