Word: importance
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Dates: during 1960-1969
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During those latter Eisenhower-era years, Douglas Dillon laid down U.S. policy for negotiations under the 38-nation General Agreement on Tariffs and Trade (GATT). He teamed up with the Export-Import Bank and the International Monetary Fund to work out loan deals that eased temporary balance-of-payments problems for Brazil, Colombia, Britain, the Philippines, Chile and India. He took an immense interest in Latin American affairs, represented Ike at last September's Bogota conference, which programed the spending of $500 million in U.S. development grants. Dillon's monument was the Organization for Economic Cooperation and Development...
Canadians not only import more from the U.S. than anyone else, but chronically worry that they import far too much for their own good-from U.S. capital to U.S. television, movies and magazines. Is the Canadian national identity so undermined by U.S. influences that Canada runs the risk of cultural and economic absorption? In the current International Journal, the scholarly, influential quarterly of the Canadian Institute of International Affairs, Harry G. Johnson, 38, a Canadian professor of economics at the University of Chicago, answers a vigorous...
Ulbricht also summoned some 1,500 party functionaries for a pep talk. "After all," he said, "when housewives come into the stores and can't find milk or butter, they begin to criticize. You must understand that we have to pay for all our imports with expensive products. Therefore we can't import any more food than is absolutely necessary." Ulbricht also had a few words for the commissars about East Germany's restive farmers. "You must do a better job of explaining questions of international politics," urged Ulbricht, "so that all the farmers understand that...
Returning last year, Selz hoped the officialdom would surrender the veto, but was disappointed. Then he got a bright idea. Selz simply asked two galleries in France and five in the U.S. to import the works he wanted. "As simple as importing Polish hams," he said. The rest of the display he gathered from a variety of shrewd U.S. collectors, including Pittsburgh's G. David Thompson. Manhattan's Joseph Hirshhorn, and the world's Joe Alsop, who bought early in the rising Polish art market...
Detroit's new drive is to get a bigger share of that market-as well as the smaller, fast-expanding markets in Australia, Asia and Africa. U.S. automakers realize that their U.S.-made cars are generally too big, costly and thirsty for countries where import duties, taxes and gasoline prices are skyhigh. Last year, in the world's increasing markets, the U.S. exported only 117,000 cars, little more than half the 1955 total. Detroit has come to believe that the best way to compete abroad is to build foreign cars, with foreign workers, in foreign plants. Says...