Word: lower
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Dates: during 1960-1969
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...auto industry, plagued by lower consumer demand during the first part of 1967 and strikes later on, showed signs of rebounding at year's end. General Motors increased profits during the fourth quarter by 2% to pare its decline for the year to 9%. The company reported* total earnings of $1.63 billion on sales of $20 billion. Though the industry hopes for record car sales in 1968, the momentum of G.M., for one, is threatened by continued labor woes. With local walkouts curtailing production at company plants, some 84,000 G.M. workers were...
...removal of those rich-country protective barriers which lower the prices of the poor-country raw-material exports...
This widening gap doesn't just mean the developing nations are getting rich more slowly than the industrial nations. For many Asian countries the next 30 years will actually bring a lower per capita income and standard of living as birth rates outstrip economic growth...
...core of the problem is a disastrous balance of trade: the poor countries are getting lower and lower prices for the raw materials they sell to the industrial powers, while the developed nations are steadily increasing the prices of the manufactured goods they export...
Other demands seem certain to hit snags. Congress has cut foreign aid and has shown little inclination to lower trade barriers. And the abortive attempt to form a Latin American common market offers little encouragement on the score of cooperation among the poor nations...