Word: exporters
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...most of the postwar years, Britain's productivity has failed to keep pace with that of its competitors. Among the major industrial nations, Britain since 1951 has had the slowest rise in productivity, the lowest rate of investment in private enterprise and the largest rise in its export prices. In its case, the equation is doubly exacting; poor in natural resources, Britain must import much of its food and the raw materials for the goods it makes...
Both British management and successive governments are to blame for not pumping enough of the right kind of investment into industry to modernize it or, in spite of all the export campaigns, for not really getting out and hard-selling British goods. The job of salesman holds little status in Britain and, for that matter, business itself still tends to be looked down upon as the domain of the hustling parvenu or the disdainful "gentleman amateur...
...offering generous credits for arms purchases, the U.S. has gone out of its way to encourage more sound spending and discourage unnecessary arms purchases. To make its point, the U.S. has cut military aid to Latin America 15% in the past two years (to $65 million) and refused export licenses for any supersonic jets sold in the area. When the Latin Americans took their military orders to Europe, Washington finally gave in, and two weeks ago permitted U.S. plane-makers-mainly Northrop, with its hot F-5 supersonic "Freedom Fighters"-to make what deals they could...
Moving Slowly. For their own part, Japanese manufacturers insist that they have been circumspect in approaching the European and British markets. Says Masahiko Zaitsu, European export manager of Nissan Motors, Japan's second biggest company: "Unlike in the U.S., we don't look for any sudden increase in exports. We have to move slowly in order not to irritate these countries and disrupt their auto industries." While Japan's sales to Britain and Europe were up 70% during the first six months of this year, in absolute figures this only amounted to 24,117 cars. By contrast...
...inevitable answer to chronic economic ills. Last year Finland's gross national product was $8.6 billion, showing a mere 2.2% increase over the previous year, and well down from the average 5% growth rate during 1960-65. More than a fifth of the national income comes from exports, mostly to Western Europe. Slackening economies, particularly in Great Britain and West Germany, have cut Finland's export earnings. Meanwhile despite restrictive government policies and tight credit, imports remain high and the trade gap is running at $220 million for the second consecutive year. Unemployment has gone...