Word: know-how
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...answered a newspaper ad in 1962: a hairdresser was looking for a partner to help develop a new-style curler. Bybjerg, a former plantation manager in Malaysia, invested $5,500 and lost it all. But he kept his faith and teamed up with a Copenhagen engineer who offered his know-how and a basement workshop for experiments. The pair ran up $200,000 in debts before the Carmen Curler was perfected. A first order from Britain for 500 sets in 1964 put them in business, but not until the Clairol order last year did Bybjerg hit the big time...
...living mostly on bonds and aid from abroad. The country intends to increase overall production by 40% over the next four years and to raise exchange-earning industrial exports by 60%, to $725 million a year. Finance Minister Pinas Sapir frankly called on the visiting group to use its "know-how and connections" to raise much of the $750 million in new capital that would be needed...
Champagne for Opponents. Unlike his counterparts in other African countries who tend to denounce all forms of foreign influence, Houphouët has accomplished the Ivory Coast's transformation by openly luring overseas capital and know-how to fill the vacuum left by the French departure. Today, foreigners-mostly French-occupy key technical posts in many government ministries and a full 90% of the top-and middle-level administrative jobs in private business. Thousands of skilled and unskilled workers from other African lands have flocked into the country as well, until foreigners now account for more than half...
...Soviet presence at Aswan was not only a reminder of the Russian money (some $325 million) and know-how that went into the huge hydroelectric project but also a symbol of what has become a growing Soviet penetration of the Arab world. The penetration is largely in the form of military and economic assistance combined with a cultural drive, and the Russians have so far been unable to convert much of it into solid political power. In an area that the West has often found difficult and unrewarding to deal with, the penetration also brings the Russians as many problems...
...Maschinenfabrik Oerlikon, Switzerland's second biggest electrical company. And only last month, shortly after winning the huge American Electric and TVA orders, he signed up another U.S. ally. Brown, Boveri and North American Rockwell Corp. announced plans to study ways of mating the U.S. company's nuclear know-how with B.B.C.'s turbine technology to enter the mushrooming American market for atomic-power plants...