Word: exporters
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...THIS WAY, a reality common to the immense majority of our countries has been produced: we are potentially rich, but we live poor. In order to continue living, we borrow. But at the same time we export capital. This is a typical paradox in the international relations of the capitalist system...
East German factories turned out 442,000 refrigerators last year, for example, compared with only 191,500 ten years ago. But quality has remained at a low level. Except for optical goods and such choice export items as fiber-glass boats and camper iceboxes, nearly every East German product, from chewing gum to paint, is inferior to its Western equivalent. Distribution is bad, and shortages of even items like toilet paper are chronic. People still line up for such things as fruit-grapefruits are sold only to diabetics. Shoppers often return home emptyhanded. "You always walk around with a pocketful...
...Nixon Administration did what it could to make life for Allende uncomfortable, mostly through financial pressure on institutions like the World Bank. In August 1971, as a result of U.S. complaints that debt-laden Chile was a poor credit risk, the Export-Import Bank refused to make a $21 million loan to Lan-Chile airline to enable it to buy three Boeing jets, even though the airline had a perfect repayment record. U.S. exports to Chile overall declined 50% during Allende's three years...
...true-in a most embarrassing way. Last year the Soviet Union, needing grain because of serious crop failures, sent a delegation to hole up in a New York hotel to buy wheat-440 million bushels of it. The U.S., long plagued by grain surpluses, obligingly held the export price of wheat at $1.63 per bu. by subsidizing farmers and grain dealers to the tune of nearly $300 million. It even provided the U.S.S.R. with $750 million in credit to make the deal possible. Thus the Soviets made off with one-fourth of the total U.S. wheat crop for a cool...
...winging start; its first shipment of color sets to Taiwan in July was 60% sold before it reached the island. Which shows, perhaps, that U.S. manufacturers hard pressed by foreign competition need not give up the fight; alert American salesmen can still find export markets in the unlikeliest places...