Word: lackingâ
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...company's initial geology studies suggested that tanzanite could be mined more efficiently to increase supplies, but market conditions were challenging. Tanzanite prices fluctuated wildly, and small exporters regularly undervalued their rough stones and smuggled them across the border to Kenya to dodge export taxes. Safety was lacking???more than 100 miners were killed when tunnels flooded in 1998?and the locals were hostile to the arrival of a well-financed competitor. Finally, although Americans made 70% of all tanzanite purchases, it turned out to be a niche business, heavy on souvenir trinkets offered on Caribbean cruises. Most Americans...
...North American businessmen must realize that greater efficiency is needed in foreign trade than in domestic. There must be' built up what is now entirely lacking???a North American personnel eager to go to foreign fields which will understand the social and cultural life and language of Latin America as well as the business facts. North Americans must learn that building foreign trade is an art?and that art is long...
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