Word: exports
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Dates: during 2000-2009
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...trillion economy is a relatively small amount." Experience: Deputy P.M.and leader of National Party since 2005 Former Trade Minister Vaile lacks predecessor John Anderson's national profile and charm, but has proved a steady No. 2 to Howard despite an uncertain performance during the scandal over wheat-export bribes to Saddam's Iraq. Key National issues such as the drought and water will play a large role in this poll...
...also make binding commitments to rein in their carbon emissions. Explaining the now-mutual policy, Howard said: "We can't have a situation where Australian industry is bound to take steps to curb greenhouse gas emissions, but competitive countries like China are not bound." That, he said, would effectively export Australian emissions and jobs to China...
Five years later, Argentina's rapid recovery still has analysts doing double takes. Since President Néstor Kirchner was elected in 2003, annual growth has averaged 9%, the best in Latin America. Argentina has parlayed a cheaper but stable peso into record export earnings. "Argentina," crows Central Bank president Martín Redrado, "is enjoying its most solid macroeconomic context of the past 30 years." In Brazil, Lula's election (and 2006 re-election) did not render the region's largest economy a leftist basket case. Instead, inflation has fallen from 12.5% in 2002 to less than 4% today. Brazil...
Argentina has danced the most difficult tango. Kirchner--whose wife Senator Cristina Fernández de Kirchner was elected to succeed him as President last month--took populist measures to keep the country of 40 million governable. He renationalized some utilities and set export limits on essential goods like meat to moderate prices. But rather than blow a windfall from commodity exports--prices for Argentine products like soybeans have hit all-time highs in recent years--Argentina replenished its foreign reserves (a record $44 billion today), pared debt and built a strong fiscal surplus. "Overspending and overindebtedness caused the crisis," says...
...this new investment is an attempt to correct years of neglect. For decades, India was the biggest producer, exporter and consumer of tea in the world. That changed in 1991 after the collapse of the Soviet Union, India's largest export market, where demand fell by two-thirds, to less than 88 million lbs. (40 million kg) per year. India's producers had grown reliant on that guaranteed market, failing to maintain their bushes and machinery, and they never really recovered. Sri Lanka and Kenya are now the world's biggest exporters, each selling about 692 million lbs. (314 million...