Word: historicizing
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Dates: during 1980-1989
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So they might. As the President attested during his summit meeting with Canadian Prime Minister Brian Mulroney, the U.S. and its largest trading partner appear close to a historic juncture in their immense economic relationship (value of 1986 commerce: $129 billion). After a year of negotiation, officials in Washington and...
The dispute had taken on historic proportions in November 1985, when a Texas jury issued a $10.5 billion judgment against Texaco for inducing Getty Oil to break a merger agreement with Pennzoil. After more than 17 months of intricate legal maneuvers, the battle came down to a test of strength...
The Japanese have a new buzz word for this phenomenon: kokusai-ka (internationalization). Kokusai-ka refers to the host of efforts designed to deal with trade frictions, from opening the domestic market to foreigners to investing more heavily in public works, including bridges, highways and housing. The more philosophic interpret...
The clash over microchips also went far beyond commercial concerns in pitting two vastly different cultures against each other. After more than 130 years of contact with the West, Japan is hard-working, thrifty, highly organized but still relatively insular in its world view. On the other hand, free-wheeling...
That pressure will be borne not just by Japan but by all of America's trading partners. Fear of U.S. protectionism is a considerable motivation, for example, behind Canada's desire to conclude a historic free-trade agreement with Washington that would remove tariffs and most other trade barriers between...