Word: grosse
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Dates: during 1950-1959
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...government is wounded." To unionists seeking concomitant wage rises and benefits, Erhard insisted he would succeed in keeping prices down: "If you look into it, you will find that your real income is now higher than that of any other European country." He pointed out that he hoped the gross national product would increase by 4% in the next few years. "This 4% you'll get, perhaps a bit more, but shorter working hours just now are impossible...
Berlin to Baghdad. In their thrusting enthusiasm to take Erhard's advice, West German enterprisers have kept boosting the country's gross national product at an annual rate about twice that of the U.S. (see chart). Unemployment has effectively vanished, workers' real wages today have advanced 60% since 1950. By 1955 steel output reached 2,000,000 tons a month, topping that of the Reich and establishing Germany as Europe's foremost producer and the world's third (after the U.S. and U.S.S.R...
...over the centuries. In Mexico, for example, noted Dr. David McCord Wright, professor of economics and political science at Montreal's McGill University, the value of goods and services produced per capita in 1955 was $187, v. $2,343 in the U.S. Even to increase the per capita gross national product to the present U.S. level by 1980−when Mexico's population will have doubled−Mexico would have to boost national output 2,500% (to $156 billion) and invest the astronomical sum of some $400 billion in capital. In Burma the same goal would take...
Functionless Fertility. To achieve any lasting solution for poverty, underdeveloped nations must thus not only race to create enough jobs for the expanding work force but must succeed in boosting per capita gross national product at least 5% annually (v. 2.5% for the U.S. in 1957), with up-to-date machinery and management methods, hydroelectric energy, nuclear power, research to find substitutes for earth's dwindling resources. This means also, as Economist Staley urged, that governments must be prepared to make a "deep-going transformation in methods of work, in education, in administration, even in social institutions like...
From Taiwan came Feng-Jang Leu, managing director of the China Artificial Fiber Corp. in Tapei, which manufactures five tons of rayon filament a day, netted some 20% on its $2,000,000 gross last year. He wants a backer with $1,000,000 to build a mill that will 'produce 15 tons a day of fiber, his raw material, thus fill his own needs and those of other Taiwan firms...