Word: imported
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Dates: during 1960-1969
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...huge hoard of gold and dollar reserves is dropping. West Germany recently moved from a fat surplus to a small deficit in international payments, and the surpluses of Belgium and Switzerland are declining. And in a time when everyone talks of expanding markets, Japan has clamped on import controls and Canada has raised many of its tariffs from 5% to 15% in an attempt to bolster its sagging dollar. It seemed that almost all countries were attempting to improve their trade balances and reserves at the same time...
...Most of all, Britain needs a bigger, more dynamic market than the Commonwealth, in which fewer than 90 million citizens have any real purchasing power. Even Australia, Britain's best Commonwealth customer, has a population only slightly larger than Paris and Rome combined. Despite high tariffs on British imports, Europeans already have a healthy appetite for marmalade and Jaguars, Wedgwood china and Scotch whisky (which chic Frenchmen fancy in le long drink}. British sweaters and men's shoes, chocolates and cloth-but not what Parisians call "weedytweedy"-also rate high with Continentals. The British, in turn, have...
Indeed it did-and to Americans as well. Growled Republican Congressman William Avery of Kansas: "Wichita has an abundance of skilled labor available, but I hardly believe we need to import Japanese capital and ideas to utilize it." In Washington, red-faced Administration officials hastily set the record straight. Nihon Keizai had built its overblown story on brochures that the Commerce Department sent last March to U.S. embassies in Europe and Japan. They were part of a campaign to attract more foreign investment to the U.S. as a way to alleviate unemployment and the balance-of-payments deficit. Though...
This week Idemitsu will preside over the launching of the world's biggest tanker, a 131,000-tonner, which he plans to use as a "floating pipeline" to import oil from the Middle East. His blushing daughter Junko will swing the champagne bottle, but since the huge ship is too bulky to slide down the ways, water will be let into its massive drydock until it is afloat. The new tanker's name is Nissho Maru, which means "Rising Sun," and at the launching there will be banzais all around...
...Export-Import Bank has lent it $1.5 million, and the Venezuelan government (which stands to save $3.3 million a year in foreign exchange through INSA's operations...