Word: importations
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Dates: during 1950-1959
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...such, it is a new concent in international lending which differs from both the World Bank and the U.S. Export-Import Bank. The World Bank can make loans only for projects guaranteed by the government of the country involved, a rule which invites government meddling, discouraging many investors. The Export-Import Bank's chief purpose is to promote the purchase of U.S. products...
...leading trading nation like the U.S. has special responsibilities to cooperate in the general effort." With the backing of Australia, The Netherlands, Sweden, Italy and Canada, GATT passed a Danish resolution affirming the right of other nations to take retaliatory action against the U.S. so long as American import restrictions remain in effect...
...They had blindly produced a big iron and steel industry but few consumer goods; they had made a statistical success of forced collectivization but the result was a fall in production and a shortage of food. The traditional granary of central Europe was on short rations and forced to import grain. Workers grumbled over low wages and the lack of consumer goods; peasants hid their produce...
...Scornful of the old Brazilian custom of political favoritism, Café Filho always says no to visitors who ask his help in bypassing laws or civil-service regulations. To a salesman seeking a Foreign Ministry job, he said: "Apply and pass the examinations." A lawyer asked for a special import license. " No, it's against the law," said the President. "But it's always been done," protested the lawyer. "I am here to apply the law and you ask me to break it!" snapped Café Filho. His smile vanished, and his fist came down hard...
...Bulova Watch Co. and Gruen Watch Co., in exchange for Swiss movements and parts, agreed to limit their U.S. manufacturing, import from no country except Switzerland, permit a cartel-hired accountant to audit their books...