Word: exported
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Dates: during 1960-1969
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...Americain [It is argued] that the Americans are buying Europe with their balance of payments deficit; that the technological gap and the brain drain together represent a new form of imperialism; that all this comes from the export of Mr. Galbraith's modern industrial state. A brilliant Frenchman, M. Servan-Schreiber, recently published a book about all this which he calls Le Deéuú Americain [The American Challenge; TIME, Nov. 24]. He rejects any protectionist or negative reply by Europe to this challenge. He recognizes that the challenge is inescapable...
...produce a rebound-weak at first but picking up in the second six months to give the Common Market a 4½% growth for the year. At the same time, says the commission, "imports will probably increase significantly." If so, both the U.S. and Britain stand to benefit from export sales-a welcome prospect because it would ease their balance-of-payments troubles...
...most of the postwar years, Britain's productivity has failed to keep pace with that of its competitors. Among the major industrial nations, Britain since 1951 has had the slowest rise in productivity, the lowest rate of investment in private enterprise and the largest rise in its export prices. In its case, the equation is doubly exacting; poor in natural resources, Britain must import much of its food and the raw materials for the goods it makes...
Both British management and successive governments are to blame for not pumping enough of the right kind of investment into industry to modernize it or, in spite of all the export campaigns, for not really getting out and hard-selling British goods. The job of salesman holds little status in Britain and, for that matter, business itself still tends to be looked down upon as the domain of the hustling parvenu or the disdainful "gentleman amateur...
Moving Slowly. For their own part, Japanese manufacturers insist that they have been circumspect in approaching the European and British markets. Says Masahiko Zaitsu, European export manager of Nissan Motors, Japan's second biggest company: "Unlike in the U.S., we don't look for any sudden increase in exports. We have to move slowly in order not to irritate these countries and disrupt their auto industries." While Japan's sales to Britain and Europe were up 70% during the first six months of this year, in absolute figures this only amounted to 24,117 cars. By contrast...