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Norway and Holland were largely interested in solving import-export problems, and used the new system along with their national income accounts to see what effect a shift in the trade balance would have on industry. Several South American nations, including Argentina, Peru, Chile, and Equador are also using Leontief's device. Great Britain has employed it for several years...

Author: By Soma S. Golden, | Title: Loentief Relates Economic Theory to Fact | 12/17/1959 | See Source »

...month-old revolution has done little to better the Iraqis' lot. Farmers, unsure whether the government will go through with land reform, have cut back on their planting. Eggs have tripled in price, rice costs 50% more, and wheat has become so scarce that authorities had to import 45,000 tons from Turkey two months ago to meet a bread shortage...

Author: /time Magazine | Title: IRAQ: The Shattered Mask | 12/7/1959 | See Source »

...them strongly and if need be to express them strongly, but to have as few prejudices as possible." Following that creed, the Economist tries to be passionately nonpartisan on parties, passionately partisan on issues. Founding Editor Wilson argued spiritedly for free trade, and his successors have pounded relentlessly against import quotas, for the convertibility of sterling, for lower tariffs and more foreign aid. In 1956 the Economist rebuked Sir Anthony Eden, then Prime Minister, for his rash invasion of the Suez; it has challenged Britain's decision to stay out of the European Common Market, and strongly questioned...

Author: /time Magazine | Title: The Press: Passion Without Prejudice | 12/7/1959 | See Source »

...jargon phrase for this is "the revolution of expectations," and it has resulted everywhere in solutions that do not solve. Poorer nations simply eat more, and either cut down on their agricultural exports or import food. Asia, excluding Red China, now imports about 10 million tons of grain a year. But the result is less foreign exchange in the coffers of most Asian nations, and less capital for needed economic development...

Author: /time Magazine | Title: FOOD: The First Battle | 11/30/1959 | See Source »

...Chinese was identified by Peiping as Chang Chien-yu, a member of Red China's Export-Import Corp. The U.S. Embassy said he asked for asylum in the United States, then changed his mind...

Author: By The ASSOCIATED Press, | Title: Red China Charges U.S. Consul With Abduction of Staff Worker; President Seeks Increase in Aid | 11/30/1959 | See Source »

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