Word: importance
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Dates: during 1950-1959
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...materials purchased outside the Common Market would cost Dutch manufacturers $84 million in the next five years. French authorities, plagued by a dangerously unfavorable balance of trade, gloomily decided that, for the time being, they would have to disregard the fundamental principle of the Common Market, and temporarily restored import quotas on about 2,000 items that France buys from her European trading partners...
Pemex is still inefficient, with 40,000 employees doing work that could be handled by 30,000. Graft and nepotism still creep in. Pemex must import $70 million worth of high-grade petroleum products yearly (but exports $45 million worth of crude oil plus some refined products). Its reinvestment rate is not high enough for any truly spectacular progress. But Bermudez does not propose to sacrifice Pemex welfare trappings in risky gambles on fast development. The success to date, he believes, plentifully fulfills Pemex' motto: "For the service of the nation...
...industrial output will jump only 4.5% instead of the much-heralded 15%. Worse yet, "because China's agriculture is still lagging behind the needs of the people," exports of foodstuffs will be cut 22% this year. Since the bulk of China's capital goods is imported, and paid for with agricultural exports, this could have only one consequence. "In import plans," Po went on blandly, "major reductions have been made in the amount of general machinery and transport equipment, to provide incentive to our own machine-building industry" (a cautionary market tip for those who think trade with...
...airports and missile bases by ground teams. ¶To reduce the likelihood of brush-fire wars spreading into world conflagrations, some reductions in total manpower and armaments by the major powers (e.g., U.S. and Russia to 1,700,000 men apiece), plus inspections and bans on the import and export of arms, and checks on troop movements. European nations have worried lest the U.S., by nuclear disarmament alone, might leave them defenseless against Russian superiority in "classical" arms...
JAPAN'S FINANCIAL PINCH will be eased by $175 million loan from U.S. Export-Import Bank to be used to buy U.S. farm goods without draining low Japanese dollar supply. With the credit Japan will import U.S. cotton, wheat, barley and soybeans, for which it is No. 1 foreign customer...