Word: exporters
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...core. But Mexico took a step back from the abyss last week when its Finance Minister, Gustavo Petricioli, flew to Washington to sign an agreement with the International Monetary Fund that could generate $12 billion in new loans to spur Mexico's economy and make up for lost oil-export revenues. The deal was noteworthy because it suggested that the IMF could be moving away from its traditional emphasis on imposing austerity programs and toward a policy of promoting faster growth in debtor nations...
TOTAL TRADE EMBARGO. This House-approved measure could clip the profits of white-owned businesses and apply marginal pressure on the government, while probably throwing blacks out of work on a significant scale -- particularly if mining of gold, coal and diamonds was seriously impeded. American exports to South Africa declined to $1.3 billion last year, while U.S. imports have remained fairly steady at slightly above $2 billion. A trade embargo would thus have little financial effect on the U.S. As for South Africa, it could probably evade export restrictions by shipping its goods through other countries. This would increase...
...decline of the dollar has at least temporarily derailed the mighty export machines of West Germany and Japan. As the relative value of their currencies has risen, their products have become more expensive in the U.S. Partly for that reason, West Germany's gross national product decreased 1% in the first quarter, and Japan's .5%, its first contraction in eleven years...
...livestock feed, almost 80% more than in June 1985. The U.S. is producing a huge excess of milk as well, a problem reduced only partly by the USDA's program this year to pay thousands of dairy farmers some $1.8 billion to send their herds to slaughter or export markets...
That sad paradox is repeated, indeed intensified, throughout the black nations of the region. Botswana, Lesotho and Swaziland depend upon Pretoria for all their oil. Lesotho gets all its electricity from South Africa. Almost every export and import of the three countries travels through South Africa. As if that were not enough, Pretoria's official exports within the continent have risen by 40% this year, and promise to reach a record $800 million. Any Western blow against South Africa could amount to a killer blow against many of the so-called frontline states. Warns a South African diplomat in London...