Word: important
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...Eastern Europe's limited strengths. There is nothing necessarily wrong with the region's engineering and craft skills; it's the managerial savvy that is lacking. Joint ventures sound attractive, but their history provides many caveats. Licensing agreements may be the best bet, if they don't require the import of components that have to be paid for in scarce hard currency. In any case, those aspiring to become the Armand Hammers of this generation may recall that after five years, in 1930, Hammer sold his pencil factory in Moscow...
They had better get those historic stocking stuffers out fast if they want to corner the market. William Bell, 22, a Munster, Ind., car salesman, and his uncle, Paul Wells, 37, a painting contractor from suburban Washington, have set up an import company to send out what they, too, say are nuggets of the famous barricade. According to Wells, Bell was in Berlin last week "chipping away." And along New York City's fashionable Fifth Avenue, two more entrepreneurs, David Schwartz and Edmond Howar, are undercutting the competition with their own purported pieces of the Wall. Price...
...offer advice and much needed economic expertise, but massive financial aid would be ill advised and probably not what the Soviets want in any case. Abalkin has already mentioned that the Soviets would like to be given the trading status of most favored nation, along with more freedom to import high-technology goods. But by and large, Soviet economists understand that they have to solve their own problems. Said Abalkin: "We have an old Russian saying, 'Drowning men must save themselves...
Also, it's just good business. The inability of ((Latin American)) countries to pay their debt has created another problem that is even more damaging than the debt burden itself: an inability to import. Yet our countries are a market . that is indispensable to the growth of the industrialized nations. So resolving the problem of debt means opening markets to the industrialized countries...
...however, one big European vacation. As an "import"--one of two American players allowed each European team--MacDonald is under a lot of pressure to produce. It's not a new situation for MacDonald: he's always felt a personal, if not an outside, push to succeed...