Word: exporting
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Nicaragua's agriculture, which employs a majority of the population, has been all but ruined. June is normally the month in which farmers plant cotton, the country's leading farm export, and spray the coffee crop, which ranks No. 2. This year farmers are afraid to go to their fields...
...reasonable degree of political stability and international financial aid for the next two years, beginning without delay. The reason I am optimistic is that Turkey has a vast number of well-trained and well-educated people. We have unexploited mineral resources. We can earn more from tourism than from exports. And we can export construction and engineering services to regional countries. But we are in a very volatile situation. The opposition has chosen this particular period to stir up a government crisis, which will hamper our opportunity to restore our economy with foreign aid. We risk seeing this year wasted...
...developed countries (LDCs) borrowed heavily from public institutions like the International Monetary Fund and from private banks in developed nations, notably the U.S. Since 1973, the foreign debt of the non-OPEC LDCs has doubled to more than $200 billion; today they must spend at least 12% of their export revenues to service their debts...
...early 1970s, the government seized the tea plantations that long generated about half the nation's export earnings. The result was a disaster. The plantations became run down as reinvestment was cut back, periodic replanting was stopped, and fertilizers were not applied. Production of Sri Lanka's three major exports (tea, rubber and coconut) plunged. Foreign investment dropped, and price and import controls created such shortages that city dwellers lined up to buy the simplest necessities...
...assert itself. Adhering scrupulously to the democratic rules and confines of their postwar constitution, West Germany's 61 million people busily created the most stable big society in Western Europe. The limitations on rearmament obviously helped the Germans, as it did the Japanese, to concentrate resources and energies on export industry instead of defense...