Word: guatemala
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...grey haze of industry billowed up from Guatemala City on the valley floor below, andthe impatient tootling of traffic jams sounded far into the hills. "I remember when there were just two cars in Guatemala-both Packards," said Lee Whitbeck, 82, a U.S.-born dairyman who went to Guatemala in 1916 and now operates a farm outside the capital. "They used to drive down those cobblestone streets all alone." Nowadays, Whitbeck never goes into town unless he has to. "You can't find a place to park," he grumbles...
...with imported washers, steam irons, refrigerators and TV sets. Outside town, barefoot peasants pad along the dusty roads with $40 Sony transistor radios slung over their shoulders. "Prices are steep," admitted one merchant, "but that's what people are paying." New Experience. Prosperity is a new experience for Guatemala, which scraped along for years in the banana-republic image-without industry, unable to import what it wanted, or even pay for what it did buy. During the regime of cantankerous old Ydígoras, graft and inefficiency, those standard Central American ills, cut the country's dollar reserves...
Peralta turned to the country's businessmen, asked them what to do, and took their advice. He promoted new trade agreements with his neighbors, offered low-cost credit to farmers, expanded cotton production on Guatemala's rich Pacific slope. "That land is so rich in nitrogen," says one cotton grower, "that you could sack it and sell it for fertilizer." This year's income from Guatemala's major crops-coffee, cotton and bananas-should reach $134 million, 35% more than...
...with Central American common market countries. Business responded. Arrow Shirts, Colgate-Palmolive, and General Mills, for example, plan expansion of their facilities. And there are newcomers. International Nickel hopes to set up a $60 million strip mine, Texaco is building a $10 million refinery, and Kern Foods is making Guatemala its distribution center for Central America...
...Business School has received $400,000 over two years for a program to develop business-management talent in six Central American states. About six B-School faculty members spent the summer in Central America, most of them at an "advanced management institute" in Guatemala...