Word: productive
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Dates: during 1960-1969
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...billion-a whopping 10% gain for U.S. business. Companies would soon budget well over one-half of this for capital spending, says New York University Economist Marcus Nadler, and every dollar put to such use would turn over so often that it would add $3 to the gross national product. At that rate, a $2.5 billion corporate tax cut could increase the G.N.P. by some $5 billion...
Most frequently, however, the foreigners observe that U.S. exports last year were only 4% of the gross national product. "The way to make the U.S. economy healthier is to export more capital goods," says Indian Industrialist Shanti Prasad Jain. Agrees a Belgian banker: "The saturation of the U.S. internal market has not inspired a sufficiently aggressive drive to find markets abroad...
Wanted: More Boldness. Many foreign economic experts also believe that U.S. businessmen ought to be much more aggressive in budgeting for new plant and equipment and should start spending more on far-out research to develop new products. (Capital spending as a percentage of gross national product is currently 50% higher in Europe than in the U.S.). "For solid economic growth," says Dutch Economist Jan Pen, ''you need a shift from one sector to another-as in the past from textiles and railroads to electronics and chemicals. What America needs is a new growth sector." Sums up Yoshizane...
...wine, Italians are now drinking beer in mounting quantities; since 1957, their per capita consumption of beer has increased to 1½ gal. a year-not much, but enough to make a brewer's mouth water at the future prospects. To ensure a splashing welcome for his product, Oetker has prudently included a handful of leading Italian businessmen in his new venture. Prinzen Bräu's president is Dr. Giovanni Maria Vitelli, head of Turin's influential Chamber of Commerce, and among the members of the company's board is Count Piero Bonelli, a Fiat...
Wherever a Dutchman turns these days, his gaze is apt to fall on a product of a vigorous giant known as A.K.U. (pronounced Ah-coo). For A.K.U. (short for Algemene Kunstzijde Unie, which means Amalgamated Rayon Union) produces half the nylon stockings sold in The Netherlands, as well as fibers used in half the nation's tires and seven out of ten pairs of men's slacks. Even the dikes that help keep The Netherlands above water are built with A.K.U. nylon sandbags...