Word: exports
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Dates: during 1980-1989
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...Henson, president of Prime Computer, an export-oriented company located on Route 128 near Boston, believes the U.S. is taking a "reasonable and cautious approach" in trade policy toward Japan. "We have to be able to sell things like supercomputers and our American construction services" in Japan, he says, and if it takes retaliation against Japanese products to open Tokyo's markets, so be it. But Henson has no illusions that trade policy alone can solve the U.S.'s problem of regaining competitiveness in world markets. "We have major challenges within our own economy," he says. "We have...
Last April the government kicked off a campaign to restructure the economy with the release of the Maekawa Report, a project prepared by 17 eminent Japanese. The slender canon warned that Japan must consume more and export less if it hopes to achieve greater "international harmony" with its trading partners. Shorter work hours and longer vacations were encouraged so that people would have more time to spend their money...
...history of trade sanctions, however, shows how dangerous commercial conflicts can be. One sobering example dates back to 1941, when the U.S. and other Western powers imposed sanctions on the export of iron and manganese to Japan for its incursions into Manchuria. That embargo played a role in the Japanese decision to attack Pearl Harbor. Nothing remotely similar in the way of hostility, of course, looms in the current trade battle. But as the two sides confront each other, they need to be acutely aware that deep antagonisms over trade can often contain the seed of future disaster...
...past eight years in gradually assuming its controlling interest in AMC, but to little avail. Last year AMC's sales of the Alliance amounted to only 77,005 cars, down 41% from 1985 and the worst figures the company has released in 30 years. Renault still hopes to export some $5.8 billion worth of autos and spare parts to the U.S. over the next five years...
...disaster brought the country's reeling economy to its knees. Mud slides destroyed 25 miles of Ecuador's vital oil pipeline, which begins at Lago Agrio and travels 340 miles through the Andes to the Pacific port of Balao. The rupture forced the suspension of oil exports, which in recent years have accounted for 60% of the country's export earnings. Already hard hit by falling prices of crude oil, in the wake of the earthquakes Ecuador suspended all payments on its $8.2 billion foreign debt for the rest of this year. Febres Cordero said he took the action "without...