Word: importance
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Dates: during 1960-1969
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...Ottawa it was clear that someone had begun laying the groundwork in early May. Washington was so well braced that Canadian representatives were able to sew up the credits ($300 million from the International Monetary Fund. $400 million from the Export-Import Bank, $250 million from the Federal Reserve Bank of New York, $100 million from the Bank of England) just two hours after they arrived at IMF headquarters...
Last year when the deficit-ridden Venezuelan government slapped on tight new import curbs to protect its dwindling supply of dollars, the prospects for many a foreign firm doing business in Venezuela looked bleak indeed. The industrial giants with major markets in Venezuela could vault the new import wall easily enough by building Venezuelan plants-as Ford Motor Co. and several others have already done. But for foreign firms whose Venezuelan sales were too small to support a separate factory, another export market seemed about to go glimmering...
INSA is the brainchild of its burly, personable president. Engineer Roberto Salas Capriles, 37. Salas, a onetime professor at Venezuela's Central University, became convinced three years ago that import restrictions were inevitable in Venezuela, and set about signing up U.S. manufacturers for his scheme. The majority of INSA's stock is held by Venezuelans, but 30% of the company's initial $2.250,000 capital was put up by the Rockefeller-backed International Basic Economy Corp. To help INSA get started...
...European Six; often their members belong to different currency blocs and lack common boundaries. The members of the "Casablanca bloc" that met last week in Cairo-Egypt. Morocco, Algeria, Ghana, Guinea and Mali-found that transportation among them is so primitive that Ghana still finds it easier to import cotton from Europe than from Egypt. Hoping to change this, the Casablanca powers agreed to expand their shipping, create an airline cooperative, and start a joint payments union. But, like nearly all the little common markets, the Casablanca-bloc nations produce much the same things and have little to sell...
...unemployment effects within import-competing industries, the opinions of organized labor seem to differ substantially from those of Mr. Schwartz. Does the editorialist choose to ignore the unions' general support for the Bill? Or does Mr. Schwartz feel he is more qualified to evaluate labor's interests than are labor's spokesmen...