Word: importance
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Dates: during 1980-1989
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...fast-rising issue: industrial competitiveness. Legislators began picking up that term during 1986, often as a politically palatable way to champion trade restrictions designed to help beleaguered industries in their home states. Some of those measures, which Congress is likely to debate in early 1987, could include export subsidies, import quotas or other protectionist steps that the Administration generally opposes. To pre-empt any protectionist bill, the Administration said in December that Reagan would announce his own competitiveness-boosting plan in January's State of the Union address. The Reagan proposal would emphasize increased productivity at home, probably through greater...
Indeed they are. As Paramount prepares to celebrate its 75th anniversary in 1987, the studio's The Golden Child, starring Comedian Eddie Murphy, is the hot Christmas movie, raking in $11.6 million in its first weekend at 1,667 theaters -- despite mixed reviews. Paramount's astonishing Australian import, "Crocodile" Dundee, has just finished its twelfth week as a top grosser, having earned more than $103 million at 1,495 theaters. Headed in the same direction is Star Trek IV: The Voyage Home, which has earned $47.5 million in three weeks. Well ahead of them all is Paramount...
...understand about America's concern with the trade deficit. Let me set the record straight, though. It's China that has a deficit. We need to export more in order to import more," he said...
...lost money in South Africa since 1982, and IBM, while profitable, has been losing market share to Japanese computer makers. Last week the U.S. consulate in Johannesburg released a Commerce Department economic report prepared for American investors labeling South Africa as a "chronic debtor" and an "import-starved" nation that is "closer to becoming just another African state." With the apartheid issue nowhere near a solution, more U.S. corporate executives came to view South Africa's social and economic future as uncertain at best. Says Lawrence Fox, vice president of the Washington-based National Association of Manufacturers: "Developments in South...
Japan's production-oriented economy regularly out-performs Western economies which place more importance on consumption than investment. By exporting more than they import, the Japanese, experts said, are financing the growing U.S. national debt...