Word: exporters
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There are not many physical assets for either the U.S. or Iran to expropriate. Many U.S. businessmen preferred to export products to Iran or to provide services in exchange for cash on the barrelhead. The Commerce Department estimates that U.S. real estate and other assets in Iran amount to only about $300 million. U.S. businessmen can file claims against the Tehran government's frozen $6 billion to compensate for the assets they stand to lose in Iran...
...Lagging technology. This results in generally low-quality goods that are hard to sell in the West. The inability to export much makes it difficult to buy the advanced machines that could produce goods more cheaply. The debt to the West of the Comecon nations is estimated to be $54 billion. In Poland, 50% of all hard currency earned this year from exports will go to pay interest, and that kicks up price levels...
...skyline broken only by the lonely silhouettes of grain elevators. Now the amber waves are interrupted by broad patches of dark brown, and the horizon is punctuated by tall processing towers. These are signs of the region's hot new cash crop, which is also becoming an important export: the sunflower...
...abrupt death would spell instant chaos. Yet there had been no panic, no runs on banks, no scrambles to hoard food. Instead, the prosperous capital city of Seoul (pop. 8 million) quickly pulsated back to normal life. The economy, despite 20% inflation, continued to chug along toward a record export target of $15.5 billion this year...
...Kenya's chief executive, Arap Moi faces many unsolved problems. Housing is poor: in some cities, families crowd into a single room with no toilet or kitchen and pay $60 a month for the privilege. Jobs are scarce, inflation is running at 11%, and Kenya's export earnings are down as a result of a drastic drop in world prices for coffee and tea over the past two years. At the same time, Kenya's population is expected to double by the end of the century, which may make it impossible to raise living standards...