Word: marketed
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Dates: during 1970-1979
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...will be at the start of the Freedom Trail. Follow it until you reach Faneuil Hall. Take a lunch break and browse in adjacent Quincy Market, next to Haymarket. Buy a pizza and have a few beers, or try some of the delicacies for sale inside...
...maze of nontariff barriers ranging from quotas to stringent labeling requirements. One result: a GE refrigerator sells for $2,075 in Tokyo, compared with $1,289 in New York City. Little wonder, then, that many U.S. companies saw no point in even trying to crack the Japanese market...
...trade. In a flight of wish-it-were-true hyperbole, Delegation Chief Yoshizo Ikeda, president of Mitsui, the giant trading company, told a gathering in Atlanta that his country is "removing import quotas, slashing tariffs and streamlining import procedures in order to make Japan, this year, the least protected market of all the great trading powers, including...
...used to be. He points to figures showing income after taxes rising faster than college costs as an indication that parents may not be as badly off as they think they are. But families have new expenses, like skyrocketing energy costs, while at the same time the tight job market makes college seem a necessity these days rather than a desirable option, so a comparison of parents' relative ability to pay is difficult...
Rather than such straw men, Harrington offers a succinct and eminently readable critique of the existing global structure and its negative effects on Third World economic development. He argues against the prevailing philosophy of a global "trickle down" phenomenon in which continuing expansion of the world market in its present form hypothetically contributes to Third World growth. Instead, he presents a less rosy picture. The built-in gap between the advanced and the less developed economies is so large that free trade between them only generates a still wider gap. The perverted logic of the international economic system dictates that...