Word: importance
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Dates: during 1950-1959
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TYPEWRITER IMPORT BAN is sought by U.S. typewriter manufacturers. The Tariff Commission will investigate a petition from Smith-Corona Marchant and Royal McBee asking for a duty of 30% ad valorem per foreign machine, with a minimum fee of $10. Main reason: imports account for a disproportionate 30% of the U.S. market...
Norway and Holland were largely interested in solving import-export problems, and used the new system along with their national income accounts to see what effect a shift in the trade balance would have on industry. Several South American nations, including Argentina, Peru, Chile, and Equador are also using Leontief's device. Great Britain has employed it for several years...
Interest in European nations has been prompted by import-export considerations. Underdeveloped economies are anxious to pursue a rapid planned growth process, which is greatly facilitated by this type of analysis...
...month-old revolution has done little to better the Iraqis' lot. Farmers, unsure whether the government will go through with land reform, have cut back on their planting. Eggs have tripled in price, rice costs 50% more, and wheat has become so scarce that authorities had to import 45,000 tons from Turkey two months ago to meet a bread shortage...
...them strongly and if need be to express them strongly, but to have as few prejudices as possible." Following that creed, the Economist tries to be passionately nonpartisan on parties, passionately partisan on issues. Founding Editor Wilson argued spiritedly for free trade, and his successors have pounded relentlessly against import quotas, for the convertibility of sterling, for lower tariffs and more foreign aid. In 1956 the Economist rebuked Sir Anthony Eden, then Prime Minister, for his rash invasion of the Suez; it has challenged Britain's decision to stay out of the European Common Market, and strongly questioned...