Word: oecd
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Dates: during 1980-1989
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...flock each year to neighboring Greece, a country that boasts about a fifth of Turkey's population of 55 million. But, according to a recent report by the Organization for Economic Cooperation and Development, tourism in Turkey is growing faster than in any of the two dozen other OECD countries surveyed. The report concludes that earnings from Turkish tourism increased 215% between 1981 and 1986. Japan was a distant second, showing a 95% growth in tourist earnings over the same period...
...figures, however, make the Japanese look considerably more openhanded than they actually are. Tokyo's growing generosity is largely a function of the yen's almost twofold appreciation against the greenback since 1985. According to the OECD, Tokyo's aid level in 1986 increased 48.4% in dollar terms but only 4.8% in Japanese currency. Moreover, Japanese development assistance has traditionally included a higher percentage of loans, as opposed to outright grants, than...
...Tokyo's largesse is to counter U.S. complaints that Japan does not shoulder its fair share of international obligations. Japanese aid in 1986 amounted to 0.29% of gross national product, less than the OECD average of 0.35% but ahead of the 0.23% rate for the U.S. But while the U.S. sinks 6% of GNP into defense spending, much of which goes to protecting allies and international sea lanes, Japan devotes only...
...philosophy can be seen very clearly across the spectrum of industrial nations," said Alan Greenspan, a New York City economic consultant, at a meeting last week of TIME's three Boards of Economists (see following story). In its latest economic outlook, the OECD noted that the state's share of the economy in 19 West European countries has begun falling for the first time since World War II. Public outlays accounted for 50.6% of gross domestic product in 1984, vs. 51.1% the year before. Even Scandinavia, where the welfare state achieved its fullest flowering, has caught the spirit. Says Nils...
...general language of the OECD communique glossed over a spate of specific conflicts among nations. Though the delegates renounced protectionism, their governments have been quicker to build trade barriers than to tear them down. The U.S. slapped a heavy tariff on Japanese motorcycles last month, and Western Europe pressured the Japanese to limit exports of light trucks, machine tools and television tubes. American officials have made no progress in persuading the European nations to reduce the subsidies that help boost their agricultural exports...