Word: importance
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Dates: during 1970-1979
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...entire package, with no amendments. Strauss has put together a strong coalition of supporters and appeased the most powerful enemies of the agreement. Opposition to reduced tariffs by textile and garment makers, for example, has been muffled by a promise of tighter enforcement of existing import quotas, as well as Government grants to boost productivity...
...royalties they pay to OPEC. The companies would then have greater incentive to explore for oil in non-OPEC nations. We should emulate Japan and Germany and set up a program partially funded by the Government to finance the search for new oil finds. Finally, we should impose an import quota on OPEC oil and create a North American free trade zone for energy to encourage deliveries from Mexico and Canada...
...Agriculture Department officials argue persuasively that methods that have been used before -price controls, consumer boycotts and increased import quotas-would only hurt now. Reason: today's higher prices are the best way to encourage cattle producers to replenish the herds that they have depleted over the past four years, when beef prices were...
...agreement could reduce inflation by allowing competitively-priced import goods into the country, thus making the economy more export-oriented, McCulloch said...
...shift will be small and widely dispersed, which would mean better jobs in a booming export industry rather than major unemployment in a shrinking import-geared industry," McCulloch predicted...