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...Carrizosa, head of the Colombian government's Development Corp., early this year complained about companies taking more out of the country than they put in. He said that foreign businessmen operating in Colombia bring "little more than technique and a name," charged that instead of increasing the needed inflow of dollars, they develop their profitable enterprises by borrowing from local financial institutions...

Author: /time Magazine | Title: Investment: Where the Money Goes | 10/5/1962 | See Source »

Undercapitalization and overexpansion were the roots of Schlieker's troubles. He had built his entire empire on a financial base of only $5,000,000, depending on advance payments for the ships he was building to ensure a steady cash inflow. But when the shipbuilding market softened, buyers balked at paying in advance, and Schlieker was caught short. A preliminary audit put his total indebtedness close to $25 million...

Author: /time Magazine | Title: World Business: The Bigger They Come | 8/24/1962 | See Source »

Five Days, Five Deaths. This worked well enough so long as the post-Suez crisis shipbuilding boom held up and eager purchasers were willing to make advance payment on ships, thereby assuring Schlieker a steady cash inflow. But lately, with a decline in demand, he has been obliged to agree to payment only after delivery. Result was that the cash collected by his shipyard dropped $14.5 million this year...

Author: /time Magazine | Title: West Germany: Willy's Woes | 8/3/1962 | See Source »

...base for last year's Cuban invasion. But the Reds are by no means the only ones fed up with Ydigoras. Because of organized graft that flourishes like a fungus, the majority of Guatemala's business and professional community has long been bitterly disgusted. Corruption chokes the inflow of capital to a trickle. Anyone wanting to invest in Guatemala faces a maze of red tape that, in many cases, can be cut only by a mordida, or bribe...

Author: /time Magazine | Title: Guatemala: Blood & Corruption | 3/23/1962 | See Source »

Proponents of the bill cite the mutual understanding between nations that can be gained by an expanded exchange of tourists. But the immediate reason for stepping up the tourist inflow is the continued anxiety over the gold outflow. Last year the U.S.'s 2,000,000 tourists abroad spent $1,145,000,000 more than the 87,000 foreign visitors to the U.S., a "tourist gap" that accounted for nearly one-third of the U.S.'s total balance-of-payments deficit. Yet the U.S. allotted less money for travel promotion than either Cyprus or the Congo...

Author: /time Magazine | Title: Travel: Closing the Tourist Gap | 3/3/1961 | See Source »

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