Word: localize
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
I.D.A. loans would be made in various local currencies. For example, should India wish to borrow $100 million for an irrigation project, the I.D.A. could lend pesetas to buy Spanish concrete, guilders to pay a Dutch engineering firm, and rupees to pay the local labor. The loan would be repaid (at two per cent over forty years) in Indian rupees; an additional virtue of this system is that the Indian currency with which India repays the loan will later be used to purchase Indian products...
Monroney's plan has many virtues; it should make it easier for poorer countries to borrow, and, through the use of local currencies provide a double stimulus to the borrower's economy. As a device for the complete internationalization of foreign aid, however, its effectiveness is doubtful. Russia is not a member of the World Bank, and therefore the transfer of United States aid effort to the IBRD and the I.D.A. would simply mean that aid competition would now pit the Western alliance (instead of the United States alone) against Russia...
Almost 200 laborers will return to work on the local projects tomorrow. While all of them do not belong to the striking unions, many had been laid off because work was held up without day laborers...
...been a stated HSA policy that it would enter into competition with no Harvard Square commercial enterprise. Harpel admitted, however, that his photographic service might enter into conflict with local businesses. "Suppose we do go into competition with a few people," Harpel suggested. "Let them do a little advertising...
...Local Customs. In Duncan, Okla., a reporter, stopping people on the street to see how many could name at least one of the first ten Amendments to the Constitution, was told by one woman: "I really wouldn't know; I just moved to Duncan recently...