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...become one of the world's leading agricultural nations. It is the world's fourth largest producer of sugar and the third biggest rubber exporter. This year Thailand expects to become the world's leading rice exporter. Ironically, the country's farmers remain among the poorest in Asia, a factor that Kriangsak recognizes as a serious threat to internal security. The most oppressive exploiter of the farmer is Bangkok itself, which by government decree keeps the rice price paid to the farmer well below world levels. The "rice premium" has been a favorite tool of Thailand...

Author: /time Magazine | Title: SOUTHEAST ASIA: A Rescue Plan at Last | 7/30/1979 | See Source »

...toward more reliance on free market economics. A resolution calling for the industrialized nations to cancel or suspend debts of the LDCs was quietly suppressed by some of the capitalistic advanced-developing countries. Although the U.S. had already written off $500 million in debts owed by 15 of the poorest nations, ADCs like South Korea, Singapore and Brazil have feared that any further write-off would make them appear to be poor credit risks and that international lenders might push up interest rates or hold back on future loans...

Author: /time Magazine | Title: Business: Less Developed, More Divided | 6/18/1979 | See Source »

...April killings climaxed a year of unrest and protest over the big-spending ways of the self-crowned Emperor, a for mer French army sergeant who seized power in a 1965 coup. Although his landlocked, Texas-size country is one of the world's poorest, Bokassa reportedly has been dipping heavily into the public treasury to pay for his six homes in France (including a chateau in the Loire Valley), his three wives, his royal court, and tuition for many of his 35 children at Swiss boarding schools...

Author: /time Magazine | Title: AFRICA: Papa in the Dock | 6/11/1979 | See Source »

...even so, OPEC officials insist that there is nothing wanton or immoral about their policies. Cartel members point out that in Western Europe most governments still collect more in taxes on petroleum imports than OPEC does when it exports the crude. Eventually, everyone stands to lose. The world's poorest countries have borrowed so much to pay for oil that their accumulated indebtedness has risen to more than $210 billion. Such major U.S. lenders as Citicorp and Chase Manhattan have huge loans out to India, Pakistan, Turkey and many other countries. Fears are rising that sooner or later some borrowers...

Author: /time Magazine | Title: Inside the Big Oil Game | 5/7/1979 | See Source »

...only a rich as the poorest of the poor...

Author: By Thomas M. Levenson, | Title: Is There Anybody Here? | 4/30/1979 | See Source »

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