Word: exporters
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Economically, Black Africa has fared badly. It has 221 million people, or 8% of the world's population, but only 1% of the world's gross national product. Its per-capita income has increased only 1.5% a year in the past decade, and its share of world exports has declined from 2.6% in 1963 to 2.3% in 1969. Much of its economic malaise can be traced directly to the dizzily fluctuating prices of its export commodities. Copper (94% of Zambia's export and 60% of the Congo's) dropped in value from...
Reconstruction Bids. Despite these dislocations, there will be much money to be earned from peace itself. Japanese businessmen are already touring South Viet Nam and mapping plans for reconstruction bids and an export push. The shift to a peacetime economy must be accomplished by Asians themselves, but the U.S. will have to help with grants, loans and private investment. With $2.5 billion in aid over ten years-far less than the cost of the war-South Viet Nam could grow all the rice that it needs, develop forestry and fertilizer industries, and press along with hydroelectric development on the Mekong...
...skills of 16,000 U.S.-trained mechanics, electricians and other workers. Now that the Yankees are moving out, the Thais are scouting for new markets for their own products. The Asian Development Bank study found that the war-induced financial windfall had weakened the nation's "incentive to export" its rich resources of teak, rubber, tin, rice and maize. Some Thais also argue that the war lowered their country's morals. G.I.s spent $22 million last year while on leave in Thailand, and Bangkok's prostitute population doubled to 20,000. Their income has done little...
...Portugal Guinea, and Guinea-Bissau (to the Portuguese, Guinea-Bissau is "Portuguese Guinea") as well as Mozambique and Angola experience is explained. Mozambique, Angola and Guinea-Bissau are categorized by Europeans as "Colonies" of Portugal. Portugal is a very poor country with few natural resources. She is able to export very little. In order to maintain an economic position above bankruptcy, she must depend upon external aid for support. The North Atlantic Treaty Organization supports her to a large extent (especially military) but she receives the bulk of her support from Africa. By stealing the resources of these countries, maintaining...
...Unfortunately, we are unable to export, because although the quality is excellent, it is not even sufficient for local consumption. We plan to increase production, however, and from 2000, for example, or 20,000 sheep that the area has now, to increase them ten-fold...