Word: imported
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Unwilling to continue its large scale capital exports, the Administration hopes that South American industry will route loan requests through civilian banking channels. Such loans would model inter-American business relationships on those of this country. Already the Export-Import Bank, the main agency for Washington's foreign loan arrangements, has diminished the flow of capital to private industry in South America. And this policy is a wise one. While loans to Latin governments for national improvements will continue, it is wrong for Washington to compete with private banking houses in a field that offers a legitimate area of profit...
...price of coffee, Haiti's No. 1 cash crop, is up, as every U.S. housewife knows, and the 1954 crop is likely to be good. Despite price drops in sisal and sugar (production of which is almost back to where the French had it in 1791), exports plus imports should stay steady at the recent level of $80-$100 million yearly. Since most government revenue comes from import-and-export duties, the budget is likely to remain at around $26 million (v. $8,400,000 ten years ago). CJ Magloire has been able to get along with Trujillo...
Stavros Niarchos is something of a man of mystery who manages to keep out of the public eye. Born in Greece in 1909, he studied law at the University of Athens before entering a small family flour-milling company that imported grain from Argentina. Noticing that most Greek millers, like his family, imported their grain in small lots, Niarchos soon organized import pools and went into the shipping business to handle the trade. He built up a fleet of six ships, turned them over to the Allies during the war, and put in a tour of North Atlantic destroyer duty...
...Siam and Ceylon, Nordhoff made a last-minute inspection of Volkswagen's third production line at Wolfsburg, now coming into production. It will boost output from 750 to 1,000 cars a day. On top of that, a new distributor-owned assembly plant in Belgium (needed because of import restrictions) this week started up. And Australia, which last week got its first Volkswagen-the 200,000th exported since 1947-will soon have an assembly plant of its own, with an ultimate capacity of 1,000 cars a month...
...should be a share of the free world's arms burden. Another would be to permit more of the fruits of success to reach its own people, thus easing some of the pressure on exporters. To this end, Germany is already working on a plan to lift some import restrictions and cut taxes in order to raise purchasing power. In such ways it can insure its own future as a working capitalist democracy and reduce the threat of a trade war that might split the West in a time of crisis...