Word: exporting
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Dates: during 1960-1969
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...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...
...Rhodesia's Africans, UDI transformed this bleak prospect into a promising crisis. As a consequence of Smith's declaration, international sanctions will now shake Rhodesia's economy. Export markets will shrink; Rhodesian currency will be devalued; new investment will cease. Stagnation will threaten the good white life of swimming pools, big cars, and servants...
...American salesmen were Charles Bear, managing director of TIME-LIFE International, Stevens DeClerque, TLI advertising director, and Ralph Davidson, European advertising director for TLI. Their audience consisted of the president and top officials of Vneshtorgreklama, the Soviets' sole export advertising agency, and executives of more than 30 foreign-trade trusts including Intourist, the government travel agency; Aeroflot, the national airline; Prodintorg, food; and Soyuzpushnina, furs and carpets. How this unique gathering came about was explained by Bear: "For some time we have followed Russia's apparent desire to increase trade in nonstrategic goods with other countries. We thought...
...import spurt would be easier to tolerate if exports were keeping pace. Export growth has been stunted by several factors: dock strikes in the U.S., the slowing of business expansion in Europe and Japan, Britain's 10% sur charge on imports, and the worldwide plunge in commodities prices, which the underdeveloped nations depend on to earn foreign exchange. And, despite denials from U.S. officials, many businessmen suspect that the "voluntary" cutback of U.S. loans abroad has also hurt the nation's exports by drying up dollars in Europe...