Word: lag
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Barnet and Müller begin soundly enough by identifying the main problem created by multinationals as one of policy lag. While nations plan on a coun-try-by-country basis, international firms view the world as a single unit and plan accordingly. Thus, Barnet and Muller contend, "the structural transformation of the world economy through the globalization of Big Business is undermining the power of the nation-state to maintain economic and political stability within its territory...
...sometimes seems, a weapon for every need and pocketbook, and keeps developing new products (see SCIENCE page 58). Last year, after processing nearly 14,000 export-license applications from private firms, Washington's Office of Munitions Control approved sales to 136 countries totaling $8.3 billion. (Actual deliveries, of course, lag considerably behind sales.) This represents 46% of total world sales. Included were rifles and mortars to Guatemala and Paraguay, supersonic jet fighters to West Germany and Brazil, Sidewinder air-to-air missiles to Italy and South Korea, armored personnel carriers to Jordan and Norway, heavy-duty CH-47 (Chinook) helicopters...
...recession side of the ledger, no matter how promptly the Government moves to return to consumers and industry the tax and tariff moneys collected on oil, there is bound to be a lag between tax and return that in the short run will slow economic activity in the U.S. Some parts of Ford's package must work at cross-purposes, but if the effect of any one element goes seriously awry, the whole enterprise could come apart like some Chaplinesque machine of wheels within wheels that has slipped a gear. As Ford Adviser Buchen puts it: "The interrelatedness...
...reflects a market basket of goods and services required by less than 50% of all Americans. The base period for comparison purposes is now 14 years old, and the Bureau of Labor Statistics is working on a more precise and comprehensive index. Readers are rarely told of the lag of at least six months before Government fiscal or monetary measures begin to nudge the economy. Journalists who write of widespread demands for the President to take dramatic steps now to end the recession generally fail to mention that those steps could not bring any results before late...
...what happens to inventories-the unsold goods and supplies that businessmen have on hand. Although production is dropping, it will be some time before business can work off those inventories; Chrysler, for example, has a four-month supply of unsold cars on lots and in showrooms. Sometimes the lag involved in pulling inventories into line with sales produces what is known as a V-shaped recession: production plunges until inventories are sold, then shoots up again when new orders are placed. That could occur this time, but it seems more likely that the inventories will be worked off slowly...