Word: import
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Rhodesia is already feeling the first effects of the economic siege. To compensate for the import duties that it will lose, the government last week sharply raised taxes on domestic beer, whisky and tobacco. South African banks, on which the Rhodesians had counted as allies, temporarily stopped trading in Rhodesian pounds because of the uncertainty. The United Nations, which has never imposed economic sanctions on any nation last week recommended an oil embargo on Rhodesia and the U.S. announced it will not accept Rhodesian sugar...
Monetary Reformes are considered necssary to keep the temporary payments deficits of any country from interfering with its ability to import. When Italy, or example, runs a deficit, foreigners equire more lire than they need. As they sell off surplus lire on world money markets, the price is pushed down...
...Wilson waits much longer to call an election, many of the longer range problems which he has avoided so far will come into play. The improvement in Britain's balance of payments has resulted from special restrictions--the import surcharge and tax measures--which are decreasing in effectiveness. To generate further improvements, the government has embarked on a policy of deflation--cutting public investment and tightening the credit squeeze. But even if this policy temporarily spurs exports by making British goods more competitive on world markets, it will not deal with the real cause of Britain's economic dislocation...
Shoes & Scotch. What foreign goods do Americans hanker for? U.S. companies, of course, have their own special needs; the fastest-rising major import so far this year is steel, which has risen 68% to $864 million. But consumer goods account for a full 40% of imports, include some of the sharpest gainers. The U.S. demand for Italian shoes, Pucci pants and British woolens has lifted imports of clothes and tex tiles this year by 18%, to $853 million. Purchases of leisure goods-German toys, Japanese baseball gloves, French musical instruments and the like-have risen 20%, to $187 million. Electrical...
...import spurt would be easier to tolerate if exports were keeping pace. Export growth has been stunted by several factors: dock strikes in the U.S., the slowing of business expansion in Europe and Japan, Britain's 10% sur charge on imports, and the worldwide plunge in commodities prices, which the underdeveloped nations depend on to earn foreign exchange. And, despite denials from U.S. officials, many businessmen suspect that the "voluntary" cutback of U.S. loans abroad has also hurt the nation's exports by drying up dollars in Europe...