Word: exporter
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...Dominican exodus has grown along with the country's economic troubles. A huge foreign debt, high inflation and a 30% unemployment rate make it nearly impossible for people to make a living at home. Cutbacks in the U.S. sugar quota last year crippled the chief export industry and displaced thousands of agricultural workers. The refugee flight serves as an escape valve for social discontent, as well as a source of foreign earnings: the emigrants send home an estimated $280 million each year. Concedes Andres Moreta Damiron, the Dominican consul in San Juan: "Our government needs this injection of money...
This from the government whose rallying cry has long been "Export or Die" ? Does this mean that Japan, the world's most fearsome economic competitor, is ready to roll down its sleeves and relax while its rivals carve up its slice of the global market? Not exactly. But Japan, under pressure to reduce a trade surplus that reached $83 billion last year, is indeed trying to soothe foreign critics by curbing exports and opening its markets to imported goods...
...past two years have demonstrated to Japan the perils of heavy dependence on foreign markets. But if the country's manufacturers started producing more goods for domestic consumption and less for export, the imbalances that have wrenched the/ economy could diminish. At the same time, the standard of living for many Japanese could improve considerably -- as would relations with Japan's competitors abroad...
...export-decontrol momentum is building. In a notable change of philosophy, the U.S. recently went along with a COCOM decision to remove controls on shipments of personal computers. Likewise, the two trade bills approved by the House and Senate both contain provisions that would prevent the Government from restricting U.S. sales of high-tech items that other industrial nations already sell on the open market. The movement will no doubt meet some resistance. North Carolina Republican Senator Jesse Helms is threatening to block the confirmation of C. William Verity, President Reagan's nominee to become Commerce Secretary, on the ground...
BUSINESS: A feud over high- tech export controls rages inside the Administration...