Word: exporting
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Dates: during 1960-1969
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...between neighbors and offshore fishing rights-to enable the Presidents to concentrate on economics. They want the U.S. to use its influence to help stabilize the world price of such crops as coffee, cocoa and sugar so that fluctuations on the world market will no longer wipe out their export earnings. They also want to enlist U.S. assistance in building new border-spanning roads, rail lines and communications systems to help Latin America become a more closely knit society...
...Rhodesian farmers are rapidly diversifying their crops so that the country will no longer need to import such staples as wheat and soy beans. Despite the worldwide oil embargo, Rhodesia gets all the oil it needs from its good friend-and embargo breaker-South Africa. It also keeps its export market alive through agents in South Africa, in the Portuguese colonies of Angola and Mozambique and in the black African nation of Malawi (see following story). The Rhodesian pound may have been declared worthless on world mar kets, but Rhodesian mines turn out enough gold to keep the country...
...familiar figure in Manhattan nightspots in the '30s. When he was named chairman of the New York Stock Exchange in 1938, President Roosevelt told him: "Your job is the worst in the world-next to mine." After leaving the exchange, Martin served as president of the Export-Import Bank, then as Assistant Secretary of the Treasury. He was named chairman of the Fed in 1951 by Harry Truman-no fiscal conservative...
...Status, No Seat. Prosperous on its own and already privy to such Western money sources as the International Monetary Fund (of which it is the only Communist member), Yugoslavia is not after cash so much as other kinds of capital. To compete in export markets, Yugoslavian companies sorely need Western patents, processes, sales contacts and simple managerial know...
...Israel's mitun was designed to right a lopsided economy living far beyond its means. Fueled by inflationary wage increases along with a demand for foreign TV sets, autos and other frills that Sapir calls sheer "gluttony," Israel's imports until recently have soared far beyond its exports. So large is its trade deficit that the Israeli pound is threatened with devaluation. In an effort to stave off that embarrassment, Sapir moved to cut consumption by raising import duties and holding down wages. He also tried to force more workers into crucial export industries by holding...