Word: gambia
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Denmark Did Less. Of the 22 countries that also cut the value of their money, most were small, sterling-area nations whose fortunes depend on their sales to Britain, or to other devaluing countries. Sixteen precisely matched the 14.3% British devaluation: Barbados, Bermuda, Cyprus, Fiji, Gambia, Guyana, Israel, Ireland, Jamaica, Malawi, Malta, Mauritius, Nepal, Sierra Leone, Spain and Trinidad and Tobago. At first, Hong Kong lowered the exchange value of its dollar by a like amount, but the price of food (mostly imported from mainland China) and other goods promptly jumped between 7% and 20%, stirring so much discontent among...
...rush to rid itself of the weight of empire, Britain has often bestowed independence on lands that had no business accepting it. Botswana, for example, is an empty but now sovereign desert, Gambia a wriggle of jungle riverbank, and the Maldives a spatter of coral atolls mostly inhabited by starfish. Few lands, however, have been so ill-prepared to rule themselves as the Federation of South Arabia, which Britain announced last week will become independent by the end of November...
They're a pleasure to watch--the short stocky Gomez from Gambia and the tall, lean Bogovich from Yugoslavia. Together they can probably do all that can be done with or to a soccer ball...
...marketing of bicycles and building materials, and sell telecommunications equipment and earth-moving machinery. In a way, Unilever is as powerful as a nation. The largest employer in tropical Africa, it has 61,500 workers, who in turn support 300,000 dependents-totaling more than the population of Gambia...
Once in business, a new nation must establish embassies around the globe and send a mission to the U.N.-tasks that frequently exhaust both their finances and talent. Occasionally a new nation admits that it just cannot afford the overhead; although it is a U.N. member, Gambia has no U.N. mission, told the Assembly it might not be able to afford the minimum annual U.N. club fee of $40,000. The Maldive Islands near Ceylon are so poor that the U.N. must forward their mail through the Maldivian Philatelic Agency, located in Manhattan down the street from Macy...