Word: exported
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...Stop! Or My Mom Will Shoot) and romance (remember Rhinestone?) were low-level disasters. His recent action films have been box-office duds at home, though usually robust moneymakers abroad; last year's Daylight earned only $33 million in North America but $120 million elsewhere, making Sly a pricey export commodity. "He epitomizes the state our industry is in," says Daylight director Rob Cohen. "With Rocky he proved a $1 million film could be a big hit. Now we want to make movies for the global market, but how do we get global and still keep the domestic audience...
COMPETITIVE ADVANTAGE The demise of the Soviet Union shifted resources from defense to more productive uses and opened new export markets, labor pools and natural resources. Government's belt-tightening means Uncle Sam needs to borrow less, leading to lower interest rates. This year the deficit is expected to shrink to about $70 billion, down 75% from $290 billion in 1992. The annual red ink is now less than 1.4% of gross domestic product, the lowest of any industrialized country. Result: a productivity-driven boom...
ECONOMIC BACKDROP Japan served as a marvel of industrial planning gone right. Japan's Ministry of International Trade and Industry kept the cost of capital low and directed resources to export sectors such as autos and consumer electronics, at the same time fiercely protecting the home market from foreign competition...
...presenting a policy paper designed to serve as blueprint for government control of the Internet, from copyright protections to privacy considerations, the President called for key patent and intellectual property policies to be developed in the next year. While the paper recommends that the government maintain restrictions on the export of sophisticated encryption technology, it takes the position that the U.S. should not impose any new taxes on Web commerce, meaning transactions conducted on the Internet. The encryption provision irks software makers, who make 48 percent of their profits overseas, and fear they will lose market share to foreign competition...
...satellite photos showed that the layout of the plant in the Rawalpindi suburbs was similar to an M-11 rocket facility in Hubei province in central China. Reports from agents on the ground, along with telephone intercepts, revealed that about a dozen engineers from the China Precision Machinery Import-Export Corp. have visited the Rawalpindi site. The state-run corporation, based in Beijing, is in charge of marketing missiles like the M-11 overseas. The CIA also spotted crates containing what it believed were machine tools for building rocket motors being shipped by the Chinese corporation to the plant...