Word: exporting
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Dates: during 1960-1969
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...future missions to Moscow under a new two-year cultural pact that calls for more swaps of artists, students, newsreels, magazines. radio and TV programs: the New York City Ballet, the Robert Shaw Chorale and, for all those beat Bolsheviks, Swing King Benny Goodman. In return, the Soviets will export the Bolshoi Ballet, the Leningrad Philharmonic, the Ukrainian Dance Ensemble and, on the seas of friendly strife, they intend to challenge the winner of the 1963 America's Cup twelve-meter-boat race. - Her wardrobe newly enhanced with high-fashion goodies from Manhattan's Chez Ninon (see MODERN...
...Carriage Trade. Arriving in the U.S. from his native Germany in 1856, Frederick August Otto Schwarz went to work for a Baltimore stationery importer. German exporters at that time sometimes packed toys in with their stationery in the hope of expanding their export lines. Schwarz put the toys in the window, and soon they were outselling stationery. By 1862 Schwarz had switched to selling nothing but toys; in 1870 he moved his business to Manhattan, where he quickly gained a reputation for "exclusive" imports that won him the favor of the carriage trade...
...method to drive his country off a single-export economy, and indeed to aid collective development in Latin America as a whole, Kubitschek proposed to President Elsenhower in 1958 an "Operation Pan-America." "Only with the name changed," he said amusedly, it has at last been adopted as the Alliance for Progress...
Those who think the U.S. can and will compete point out that U.S. exports last year climbed to a peak of $20.1 billion-while imports slid slightly to $14.5 billion. The export gains came despite steadily lowering U.S. tariffs, steadily increasing foreign productivity-and the much-bruited fact that wage rates run two to four times higher in the U.S. than Europe...
Bigger Value. But in export markets, price often means less than quality or special features, and here the U.S. enjoys many advantages. Volkswagen, for instance, has found that the U.S. makes the best "deep draw steel'' (used for shaped components such as car roofs and fenders), last year bought 10% of all its sheet steel from the U.S. And regardless of Germany's fame as a fine toolmaker, Volkswagen in 1961 bought $2.8 million worth of U.S.-made presses, gear cutters and other highly specialized machines...