Word: foreign
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Dates: during 1960-1969
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...reduction of the proportion of coffee in Colombia's export total from 70% to less than 50%. Still, Rocky's hosts complained that quotas and other restrictions have kept some of their new exports out of U.S. markets. One proposal made in Colombia was that foreign investors should gradually transform local enterprises into joint ventures, taking in Colombian partners...
...nuclear power and its formidable manpower reserves, China is one of the world's poorer countries (estimated annual per capita income: $100, compared with Japan's $1,100). China's recent Great Proletarian Cultural Revolution and the upheaval it caused may put domestic recovery ahead of foreign adventure for some time to come. Even before the Cultural Revolution, China was too weak in air, sea and industrial power to sustain a modern war much beyond its borders. However absurd it may seem to Americans, the Chi nese regard their actions in Korea and Viet Nam as defensive...
...that U.S. allies like Japan, West Germany, Britain and France are trading with the mainland. The Chinese regard the mere existence of the embargo as a hostile act; its removal could be interpreted as a conciliatory gesture. In view of China's limited industrial capabilities and shortage of foreign exchange, such trade would be modest in any case-perhaps up to $10 million a year initially, rising to possibly $100 million after five years...
...Temple Fielding is special. He is a superpatriotic expatriate (witness the U.S. flag that flies from the fender of his siren-equipped Cadillac convertible) and a Swinburned sentimentalist. Although he has lived abroad for 18 years, most of them on the island of Majorca, he does not speak a foreign language. His son Dodge, a senior at New York's Hamilton College, recalls an awkward scene one day when Fielding kept telling a Spanish cab driver that he wanted to pick up some cojónes (testicles); he meant cajónes (boxes). In his politics, Fielding leans to the right...
...fear of inflation has been heightened by the enormous increase in the country's financial reserves. During the latest money crisis last month, $4¼ billion in francs, pounds, dollars and other foreign funds flowed into Germany. As of last week, almost $3 billion of it was still there. The influx has not only overinflated Germany's money supply but depressed the monetary reserves of France and Britain...