Word: exporters
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...rose to a $60-a-week job in a commodities house, where he learned the intricacies of that gyrating business and discovered the secret that got him going: fortunes can be made on a meager stake in international trade. At 23, he invested $3,000 and started his own export-import business in a small Manhattan office. Within eight years he had bagged his first million by buying an awful lot of coffee from Brazil...
From God to Government. Midwestern farmers still shake their heads over his program to raise hog prices by killing off millions of piglets. His later proposal to export farm surpluses to needy countries earned the derisive label of "milk for Hottentots." Nonetheless, Wallace had a profound understanding of farm economics at a time when U.S. agriculture was widely regarded as God's concern, not the Government...
...million a year in Alianza aid, generous foreign investment, and their own nine-foot-deep topsoil, Hondurans have built a G.N.P. that this year is expected to add up to $460 million, 8% over last year. Bananas still provide $38 million (or 40%) of the country's export earnings, but the highly successful Central American Common Market has stimulated a mushrooming cluster of small industries (paint, synthetic rubber, flour mills) on the Caribbean coast, where Mexican investors soon hope to build a $12.5 million steel mill using native ore and charcoal...
...only the first tentative step to recovery. Uruguayan economists, with Alianza help, have put together a ten-year development plan which runs to 3,600 pages, calls for a sweeping reorganization of the country's social security system, sharp restrictions on imports, and increased agricultural production for export. Given the temper of Uruguay's 1,000,000-man work force, any steps at all may well prove impossible. Last week 130,000 government workers rejected a relatively reasonable 15% raise, walked off their jobs demanding a fat 60% wage hike...
...quality of the goods must share much of the blame. A plant in the town of ZellaMehlis, for example, sent roller bearings to India, but had the whole shipment refused and returned because it was of inferior quality. A marine-engine factory in Magdeburg that makes cooling systems for export has gained a reputation for producing faulty equipment, including a shipment of engines that broke down shortly after arriving in Turkey...