Word: exporters
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...loose from its old peg. Schiller called the new rate "the golden mean-courageous but not foolhardy." It was clearly a compromise. Schiller wanted a change large enough to anticipate a continuing higher inflation rate outside Germany, but German industrialists argued for a lower figure. By making German exports more expensive and foreign countries' exports more competitive, the change should reduce Germany's huge export surplus. That will help currencies like the French franc and the British pound, as well as the dollar. In London a Treasury official expressed satisfaction with the size of the revaluation saying...
...less than two years, five of the best-known U.S. passenger ships have been laid up indefinitely: American Export's Atlantic, Independence and Constitution and Moore-McCormack's Brasil and Argentina...
...combines converted for use in rice paddies. They also stocked shelves of books by Marx, Lenin and Engels but removed them after a government reminder that most are banned in Malaysia. "We're here to sell," said Dimitri V. Bekleshov, the gray-suited vice president of Vneshtorgreklama, the export agency's ad company. "Our tractors are better than the American Caterpillars." The advertising was also hardsell, and rich in unintended humor. Sample Aeroflot slogan: "And you've heard of Russian hospitality (some people never quite recover from...
...standard of living, which in Britain is sagging relative to that of the faster-growing Common Market countries. Foreign Secretary Michael Stewart, who addressed Labor journalists covering the Brighton conference, strongly emphasized that point. Britain, he said, is still anxious to enjoy Market membership so as to stimulate export trade, gain access to a guaranteed market and improve technological cooperation. At the same time, he stressed, "we are resolute applicants, we are in no sense suppliants...
Czechoslovakia is running into balance of payments difficulties and has had to cut back drastically on its imports of production equipment. The country's primary exports, including timber and Prague ham, are in short supply. Another reason for the export decline is the increasing shoddiness of Czechoslovak goods. A survey of fac tory managers showed that two-thirds of them give priority to the home market because, the report said, "the people are not selective." The men in charge of the economy vigorously protest the refusal of the U.S. to grant Czechoslovakia most-favored-nation tariff treatment. By stimulating...