Word: foreign
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Dates: during 1980-1989
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Reaching beyond the country's borders, Gorbachev has attempted to start joint ventures with foreign investors. The Soviets have proved flexible: the original plan, which insisted on majority Soviet ownership, has been revised to accommodate the demands of Western companies. Last Thursday at a Kremlin ceremony, executives of a consortium of six U.S. firms -- including Chevron, Eastman Kodak and Johnson & Johnson -- signed an agreement for as many as 25 joint ventures involving about $10 billion over the next 20 years. Although the agreement specified ways that profits could be taken out of the Soviet Union in hard currency...
...having reached that daunting precipice, he blinked. Rents and basic food prices, he promised, will not be raised for at least two years. Until there are price reform and quality products to market, the ruble cannot become a convertible currency, which is necessary if Gorbachev is to attract more foreign investment and bring his country into international financial organizations...
...structure here at Yale is that people [graduate students] are on stipends, and they're obligated to teach," he says. "The financial aid program is set up so that graduate students are assured the opportunity to teach, and we run into some problems with the foreign students...
...Frankly, I think [language problems happen] a lot less than the almost mythological proportions one hears about," says Pilbeam. "Many of our foreign graduate students do just as well, if not better, than our other teaching fellows...
Gorbachev told Tass a central topic of histalks with Castro on Monday was the "new thinking"in Soviet foreign policy--an approach that seeksto ease world tensions by reducing militarycommitments abroad and negotiating settlements ofregional disputes that threaten to bring thesuperpowers into conflict...