Word: importent
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Dates: during 1970-1979
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...Crop prices (principally for coffee, cotton and tea) have not kept pace with inflationary living costs, and last year Uganda's foreign exchange reserves fell from $44.8 million to $25 million. To help the faltering economy, Amin was forced to borrow ?10 million from Britain and impose strict import and trade controls...
When the world's monetary powers agreed to realign their currencies in return for an end to the U.S. import surcharge, one important country was missing from the revaluing ranks. Canada, the largest U.S. trading partner, had already allowed its dollar to float to higher levels more than a year earlier. Ottawa officials hope that their dollar will float down again so that Canadian exports will be cheaper in the U.S., and the Nixon Administration so far has not pressed Canada to fix a formal rate for its dollar...
...nation's slipping trade position and one of its causes, the decline in U.S. productivity compared with that of its competitors. Nixon began using phrases from the presentation almost immediately, and in August incorporated into his New Economic Policy several of Peterson's recommendations-including the import surcharge and the freeing of the dollar from gold...
...gladly took up the cause of almost any businessman who was unhappy with Washington. As an influential Cabinet member, Stans argued strongly against federal adoption of a no-fault auto-insurance plan, against the ban on DDT and against a presidential commission's advice to junk the oil-import quota system. He also led the battle to impose trade quotas on foreign-made textiles. His job as keeper of the party war chest will undoubtedly include reminding many favored industrial leaders of their debt...
...bank forecasts a moderate improvement in the overall payments balance in 1972 but does not expect the nation's export-import picture to be much brighter. One reason: the U.S. economy is expanding and will demand more imports, but Europe and Japan are slowing down and will hold back on buying from...