Word: imported
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...customers who need U.S. goods but lack the cash to pay for them, there is always one avenue of last resort. When both private bankers and the World Bank (which makes only loans guaranteed by foreign governments) refuse credit, the borrowers go to the U.S. Government's Export-Import Bank, set up to finance purchases of U.S. goods when other funds are unavailable. Last week three Japanese firms that wanted such loans were winding up arrangements to get them. To ease Japan's chronic power shortage. Ex-Im was closing an $11million loan to Kansai Electric Power...
...Help America Grow. Last week Banker Waugh was off on a three-week flying trip to Mexico and Central America to look over still more loan prospects, plans trips to Europe and Asia this year. He also hopes to encourage more small loans, bring more private capital into export-import trade, thus release more Ex-Im funds for new loans...
Some critics argue that increased East-West trade would allow Russia to divert resources from consumer production to industrial uses, by enabling her to import many consumer items. This, however, is not a vital consideration. Estimates of Russia's gross national product run to about $125 billion (converted to U.S. dollars and purchasing power). Of this, about fifty percent ($62.5 billion) probably goes for consumer items, thirty-five percent to capital investment, and fifteen percent to military uses. If the U.S. were to increase its trade with the U.S.S.R. to the tune of, for example, $200 million, which is practically...
...consumer goods, and those in excess of other commodities. Some ratio can be created relating the amount of newly-released capital or raw goods to the amount of consumer goods Russia purchases. That is, the U.S. would sell to Russia previously "strategic" goods only if the Soviets agree to import a greater amount of consumer goods. In this way, the U.S. can equate Soviet purchase demands with American exportable items, thereby selling them what they are willing to buy. Exporters, subsequently, should not be discouraged from Soviet trade. Such trade would be profitable and possible for both East and West...
...IMPORT POLICY will do an about-face. After ordering a 7% cutback in imports last year to bolster domestic industry, the Office of Defense Mobilization plans to boost imports 10% for residual fuel oil, mostly from Venezuela. Reason: an unexpected drain on oil stocks because of the cold winter and increased use of oil by industry...