Word: exporting
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Dates: during 1970-1979
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Thin Profits. Volvo's high prices are largely the result of a 40% raise in Swedish labor costs in the past two years. To contain the damage to sales, Volvo has absorbed some of the cost in export markets, rather than pass on the full rise in prices charged to foreign buyers. Result: Volvo's 1976 profits of $136 million were only 3.7% of sales, v. 10% in 1972 and 1973. Profits on export sales to North America and Western Europe were a paper-thin...
...force of 90,000, about 10,000 serve in the army or the police; this has placed a severe strain on industries that rely on skilled whites. Almost a third of the Rhodesian budget goes for defense purposes. And perhaps most important in a country geared to production for export, Rhodesia's exports have dropped off sharply. Zambia and Mozambique have closed their borders completely, and South Africa has begun to slow traffic from landlocked Rhodesia. At this point, it would be more surprising if Rhodesian businessmen did not try to negotiate for a settlement than if they...
...sale of nuclear reprocessing plants to Brazil and Pakistan respectively. But they told Mondale they were willing to tighten international safeguards to prevent the conversion of spent reactor fuel into atomic weapons-a high Carter priority. Mondale also got agreement for further high-level international negotiations to limit the export of nuclear facilities...
Still, the government is pressing ahead with expansion programs. Under the newest five-year plan, approved in September, India will allot $22 billion in public money to increase production in "core" industries, including oil and fertilizers. Liberalization of import controls is bringing in raw materials for export industries and supplies of scarce commodities such as cotton and cooking oil. And, assuming her Congress Party wins the March elections-which it almost surely will-Mrs. Gandhi will have to deal with an unaccustomed problem of plenty: how to distribute surplus food before it rots in the fields...
That approach coincides with a subtle campaign of criticism against Israel by some U.S. arms manufacturers who once were among its staunchest friends. The American companies, restive under export restrictions imposed at home, are resentful of competition from Israel's burgeoning arms industry. In the past few weeks, operating on tips, several columnists and trade publications have accused the Israelis of stealing U.S. technology and "reinventing" it in made-in-Israel weapons...