Word: importance
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Dates: during 1970-1979
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...most talked about import restrictions would not make a significant dent in the U.S. trade deficit, which is heading toward $30 billion or more this year, as compared with $6 billion last year. True, about $7.5 billion of this year's deficit is in trade with the Japanese; $22.4 billion is with the OPEC countries, and the U.S. right now has no choice but to import their oil. The U.S. actually enjoys a surplus, though a declining one, in trade with the European Community (see chart...
...them to analyze a Rorschach ink blot: each responds in terms of his own specialty. Most economists feel that the problem is not one of supply but of price-the cost of getting oil and gas to market. Specialists in international finance say that price as such is less important than the fact that consuming countries cannot keep handing over more and more money to the OPEC cartel members without imperiling global financial stability. By year's end the import bill for the U.S. alone will total $45 billion...
...Third World often cooperate whole-heartedly with multinational corporations' efforts to transform their countries' agricultural production: a booming export trade, even if it forces peasants off land that has fed them for centuries, means more well-paid jobs for the educated elite, and increased foreign exchange with which to import luxury goods. Senegal provided all the initial capital for Bud Antle's operation there, and removed villagers from land the company wanted for its plantations. The Brazilian government is clearing the Amazon rain forest to make way for American-owned companies who hope to grow beef, a luxury among foods...
...will raise the rent that it currently pays to Panama from $2.3 million to $10 million a year and will add another $10 million from canal revenues, business permitting. Panama will also be advanced a $200 million loan from the Export-Import Bank, a $75 million loan for housing investment and $20 million to start a Panamanian development bank. The two nations are also negotiating a military-assistance program...
Coke does not stand to lose a lot even if it is kicked out of India. Coke production in India has almost stopped anyway because the government has held up renewal of the company's license to import ingredients for the drink. Indian sales accounted for only one-fifth of 1% of the company's $3.1 billion worldwide revenues last year. Just in case Coke does leave, Indian researchers have come up with a substitute that they hope will be commercially exploited, keep bottling plants running and employment up. But the copied Coke may not work. India...