Word: exports
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Dates: during 1960-1969
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...billion into Argentine industry, and current investment runs to $1,000,000 a month. Fiat alone has put $140 million into its automotive and truck-tractor plants in Córdoba; the Techint industrial complex outside Buenos Aires represents another $75 million in Italian capital. In 'the export market, Olivetti Argentina is now selling typewriters and calculating machines to Peru and Turkey, Gilera motorcycles from Argentina are buzzing around the U.S., and Fiat electrical motors-also made in Argentina-will soon go to Egypt. Last week the Ente Nazionale Idrocarburi, Italy's state oil monopoly, was reportedly negotiating...
...foreign financing under the Alliance for Progress is less than what Latin America's unindustrialized countries have been losing by the drop of export prices," Figueres said. "The original charter of the Alliance admits the need for revision of trade relations, but very little has yet been accomplished...
...same in all the countries involved: moribund economies, vast numbers of unemployed, strong and hostile labor unions. In Dahomey (pop. 2,200,000), the situation is aggravated by the fact that it once supplied civil servants for many other French colonies and boasted that "brains are our biggest export"; now it has an increasingly serious white-collar unemployment problem, for newly independent West African nations train their own government officials. The Dahomey rioters also denounced President Maga's "squander-mania," notably the magnificent palace he built himself...
...Export trade yielded a $5,000,000 surplus in 1962, and banks bulge with $737 million in dollar reserves, highest in Latin America...
...most European nations, secrecy or carelessness makes for some misdirection in both state-subsidized and private research. Britain suffers particularly from a lack of priorities: its aircraft industry, which accounts for 4% of exports, reaps 38% of all research and development funds; but the machinery industry, which rings up 24% of all export sales, gets only 17% of the funds. "The present international research situation," remarks London's Financial Times, "is woefully inefficient and even bewildering...