Word: product
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Dates: during 1960-1969
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...five months since Betancourt stepped down, the Venezuelan economy has continued climbing steadily. Gross national product, which rose 5.8% last year, is expected to climb 8.2% this year. Industrial production, up 8.7% last year, is on its way to a 15% gain for 1964. Foreign reserves stand at $800 million-highest of any Latin American country. And where Betancourt often met congressional resistance to his programs, Leoni has maneuvered through all 18 bills introduced by his government-though lacking the coalition majority that Betancourt had. Leoni's biggest triumph: his four-year, $850 million public works program for developing...
Fiber glass used as insulation still accounts for 70% of sales, but the development of other products has been stepped up by the invention of a double-nozzle spray gun that shoots fiber and liquid resin simultaneously, thus creating an easy and inexpensive method of spraying fiber glass onto molds. One new product, in fact, almost wrecked the industry. Boats made of plastic reinforced with fiber glass became a quick success, and before long, dozens of boat companies were building them. The supply of fiber glass got so scarce that it had to be allocated while the firms rushed...
...mess has been nowhere more significant than in Czechoslovakia, where last week officials fretted publicly over falloffs in food canning, dairy production and even the supply of Pilsner beer. As Communist satellites go, Czechoslovakia is something special. It is the most industrialized and the most intellectualized country in the Russian orbit. By all accounts, it should have been an Iron Curtain showplace-and for a while it was. But after running at an annual growth rate of between 8% and 11% in the late 1950s, Czechoslovakia's gross national product has remained almost static at about $18.5 billion since...
...million export area that would normally be its most obvious customer. Israel's other major irritant is the refusal of the international oil companies to defy the Arab trade ban-for obvious reasons. Despite the boycott, Israel's little economy continues to grow. The gross national product has more than doubled, to almost $2.5 billion, since the boycott began; foreign currency reserves have tripled, to $600 million. Most important, foreign investment in Israel goes on unchecked, has increased from practically nothing ten years ago to $110 million last year...
...airlines, from Pan American to tiny Aeronaves de Mexico, have hopefully placed 140 orders for either an American or a British-French supersonic transport. Considering the SST's list of problems, that's quite a bit of hope. Rarely has the development of a new product been more beset by rising costs, clamor and competition...