Word: exporting
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Dates: during 1960-1969
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...urging of British occupiers, Nordhoff moved into their zone to try to restore auto production and employment in the depressed Wolfsburg area of Lower Saxony. Had the British foreseen how Nordhoff would drive their own cars off the export markets, they might never have given him the job. By last week, when Nordhoff died of a heart attack at 69, Wolfsburg had grown from a hamlet to a bustling city of 85,000 as home base for West Germany's largest industry. With assembly plants from Africa to Australia, the bug was the new Model T, a ubiquitous symbol...
...Lose a War. The prime target for the inevitable retaliation would be U.S. agriculture, by far the nation's largest exporter. Many other industries now contributing to U.S. export earnings would also be hard hit, among them chemicals, electronic equipment and industrial machinery. The consequence, Administration leaders predict, would be higher prices, lower profits and fewer jobs at home, as well as shrinking markets for U.S. goods abroad. "To incite trade war would be a fool's game," says Treasury Secretary Henry Fowler, "since the U.S. would be bound to end up as a loser...
...needs are most conspicuous in the impoverished states, many of them new nations. Almost by definition, an underdeveloped country is an undercapitalized country. Struggling to advance from muscle power to the machine, its people anxiously eye their smokeless horizons in search of capital to build factories, hire managers and export young men to universities from Göttingen to Berkeley. They cast an envious glance at such cities as San Juan and Teheran, which have risen from squalor to considerable splendor in less than a generation. The modern influences of communications-tourists, transistor radios, Hollywood films, advertisements-have carried...
...balance of payments deficit that reached $1.3 billion last year. He hopes to turn that deficit into a $1.2 billion surplus this year by the blunt and bru tal method of taking money from British pockets. If the British have less buying power, he reckons, they will import less, export more...
...Spanish Guineans to form at least half a dozen noisy political parties to work off their steam. Many politicians in Fernando Poo want the island to remain part of Spain. Those in Rio Muni want independence, but they also hope to keep the $7,300,000 a year in export subsidies and $670,000 a year in budget support that Spain now provides. "Guineans do not want their independence to resemble a bottle of euphoria," says champagne that Bonifacio Ondó evaporates in Edu, 48, Prime Minister of Spanish Guinea and the man most likely to lead the new nation...