Word: marketed
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Dates: during 1960-1969
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...wildcat strikes unmatched in any country, sent hourly earnings soaring some 40% from 1960 to 1966. While Britain's productivity grew by only 18%, West Germany's was rising 29% and Italy's 40%. The result was that British goods were priced out of the market, while Britons used their money to buy more and more foreign, imported goods...
...Larger Market. The ripples of the pound's plunge inevitably reach far beyond Britain. The U.S. had long pressed massive loans on Wilson in lieu of devaluation because it feared the effect on the dollar. "If it can happen to sterling," observed one Treasury consultant, "people are sure to ask, can't it happen to the dollar too?" Some probing speculation against the dollar this week seemed likely...
Perhaps the most positive effect of devaluation could be on Britain's application for Common Market membership...
...world's businessmen to nudge their governments toward six other reforms: 1) a multinational investment guarantee system within the World Bank to ensure against what he called "nonbusiness" (political) risks, 2) an international legal code to protect private property from expropriation, 3) development of the European capital market, 4) more closely meshed national patent systems, 5) broader approaches to antitrust problems and 6) a freer flow of technology. "We have created the illusion of multinationalism without the reality, the shadow without the substance," he argued. "To borrow from Cassius, the fault is not with the concept but with ourselves...
...their pursuit of multinational activities, Peterson added, U.S. businessmen must learn to "temper the typical American goal to be first and biggest. Our effort must be to help expand the market for the benefit of all and to be content with one slice of an ever-growing...