Word: importers
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Dates: during 2000-2009
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There is a shortage of consumer goods as a result of strict import quotas, made necessary by declining oil revenues. Many factories are running at 40% or less of capacity because of a shortage of imported raw materials. Oil revenues are likely to be as low as $12 billion this year, down from $21 billion in 1983. But there is a flourishing black market that enables boutiques on Tehran's fashionable Vali-Asr Avenue to sell designer jeans for $120 a pair. Whisky can be found for $100 a bottle, despite the regime's strict...
...decades American firms have complained that a formidable array of government regulations, tariffs and other import barriers in Japan are as difficult to fathom as a formal tea ceremony, effectively blocking business there. Nonetheless, many U.S. companies have flourished in that environment, playing by the rules and somehow still coming out ahead. IBM Japan's 1985 sales might reach $2.7 billion, up about 20% from last year. Schick claims 70% of the safety-razor market. This year U.S. firms will export $25 billion worth of products to Japan. Proclaims Herbert Hayde, president of the American Chamber of Commerce in Tokyo...
Roller coasters are supposed to scare you, make you scream and maybe leave your stomach 300 ft. up in the air. But when you hop onto one, you should feel as safe as if you were climbing onto a city bus. That is the import of a decision last week by California's Supreme Court, which toughened safety standards for amusement-park rides by ruling that they should abide by the same standard applied to modes of transportation like buses and airplanes...
...should be easy enough for Cho to recognize the secret of Hyundai's success. The South Korean company is following much the same formula that Toyota used decades ago to overcome its "cheap Asian import" stigma and become one of the world's most respected brands. When Hyundai first entered the U.S. market in 1986, its Excel sedan--an econobox with a $4,995 price tag--was an instant hit with frugal buyers. But customers soon discovered they were getting what they paid for: Excels were prone to quality-control problems and frequently needed to have parts replaced. Sales tanked...
...wheelers, current gasoline consumption could be cut by up to a half. If we increased the average fuel economy of our cars by a mere 8 miles per gallon, a far cry from the 50 miles per gallon efficiency increases that hybrids promise, we would no longer need to import any oil from the Persian Gulf...