Word: importation
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Dates: during 1960-1969
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...paid officers of the junta slapped immense fines on prosperous businessmen and merchants for "illegal profiteering." Many of the fines were later reduced, but the business community remains in deep shock. In one district of Pusan alone, 400 shops have closed. The junta-imposed embargo on virtually all imports remains in force. Coke and U.S. cigarettes are out, and domestic "reconstruction cigarettes" now lead the field. The import restrictions are theoretically necessary to redress South
Trouble is that plastic chopsticks, austerity weddings and import restrictions cannot cure South Korea's most deep-rooted troubles: it is overpopulated, under-industrialized, short on natural resources, but has an overabundance of sapping responsibilities, such as the need to keep a standing army of 600,000 for a population of 25 million...
...shattered, imperial warehouses emptied; the enormous llama herds that provided meat and clothing were scattered and slaughtered. The conquistadors cut the richer lands of the Andean foothills into immense haciendas worked by Indian peasants held virtually as slaves. Today, while Peru exports cotton, sugar, silver and copper, it must import food to maintain even a marginal existence for the bulk of its 10 million people. Half the population is illiterate; undernourished children die of such simple maladies as measles and diarrhea...
...make up for income taxes, governments rely heavily on export-import duties, indirect taxes levied on the manufacture of goods and excise taxes slapped on top of that. The result, in many cases, is a hodgepodge of taxes and tariffs that often discourages industry and holds down consumption...
...such new machinery as a fully automated yarn mill now under development that cuts labor costs 40%. Textile men agree that the new write-offs will help mightily, but they are not fully satisfied yet. They vowed a further fight against the No. 1 problem-low-priced foreign imports-through a push for import controls...