Word: know-how
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...increases 30% annually (world increase: 13%)-and has no ambitions beyond operating as a feeder service. A second solution for small lines would be to merge with others to form one major international unit along the lines of Scandinavia's SAS, which has enough traffic, capital and competitive know-how to survive...
General Development is the most successful example of a new trend in building: a combination of building know-how and sufficient capital that has made it possible to launch the biggest national advertising campaign by any U.S. builder. This year General is spending almost $2,000,000 in advertising. As a result, 300 to 400 letters came into its offices every day last week from as far off as Hong Kong, each with a $10 down payment for a lot. In the past year, the company has sold 34,000 homesites and close to 800 houses at Port Charlotte...
...nine European countries. With field headquarters in Beirut, MIDEC's directors were looking for partners, and the partners they want are Arab businessmen who will set up and run their own enterprises, retaining majority ownership and control but getting help from MIDEC's capital and technical know-how. To old Middle East hands, the idea of Westerners joining in an Arab-controlled enterprise is as dangerous as a camel's kiss, yet MIDEC has received a rousing welcome and thinks it can succeed...
Bikes & Business. MIDEC's main function, says Rykens, will be to bring together Arab businessmen with capital to invest and Western outfits with the necessary know-how who will be willing to accept a minority interest. Tentatively. Rykens has set a ceiling of 40% for Western financial participation. MIDEC will concentrate initially on small industrial enterprises such as paper mills, breweries, fertilizer, bicycle, textile and chemical plants. However much Arabs distrust the West, Rykens thinks they still respect Western technological ability enough to make the plan work...
Offered: Plants & Equipment. For the foreign industrialist who brings his know-how to one of the underdeveloped western counties-Clare, Galway, Mayo, Roscommon, Donegal, Kerry, Sligo or Leitrim-the Irish government will buy a site, build a plant for him, train his workers and pay half the cost of plant equipment. Elsewhere, Ireland will grant two-thirds of the cost of the plant up to $140,000. In addition, foreign enterprises will be freed from income taxes on export profits for at least five years, excused from 67% of local property taxes for at least seven years. Dublin will guarantee...