Word: exports
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Dates: during 1960-1969
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...French officials well know, devaluation by itself is not enough to restore a country to financial health. By temporarily lowering export prices and raising import prices, a devaluation only gives a country time to overcome the economic weaknesses that undermined its currency. The benefits of devaluation can easily be wiped out by further inflation. If French price increases continue at their current pace of 6.5% yearly, the gains of franc devaluation will be gone in less than two years. In fact, devaluation itself has a tendency to accelerate inflation, because the automatic increases that it brings in the prices...
Treasury Under Secretary Paul Volcker last week called the deficit "one cost" of inflation, which raises U.S. export prices and sucks in low-priced imports. To control inflation sufficiently to restore a trade surplus, he added, will take "years rather than months...
...stage of decision. As TIME'S Tokyo Bureau Chief Ed Reingold reports, more and more Japanese leaders realize that their economy has to make the jarring transition from super-precocious adolescence to maturity. At home, Japanese consumers complain that they have been left behind in the scramble for export markets, and they are clamoring for more of the rewards of industrial expansion. Abroad, many of Japan's best trading partners are becoming increasingly impatient with the way that its businessmen flood the world with exports while keeping their own economy insulated from foreign goods and capital. These...
Melchett was stopped by the government's Prices and Incomes Board, which ruled late in May that BSC could raise prices only $96 million. The board's order was intended to help British export industries-most of which are not nationalized-by holding down the costs of their steel. Melchett angrily protested against forcing BSC to subsidize exports, but to little avail...
...Economics. What he and his fellows did was organize a floating exhibition of Finnish products on a 10,000-ton ferry, then anchor it last fall beneath London's Tower Bridge. More than 100 firms participated in the "Finn-focus" exhibit, which produced $5,000,000 in export orders...