Word: trade
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Dates: during 1950-1959
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...Full U.S. membership in the Organization for Trade Cooperation, international clearinghouse for tariff agreements...
...world-minded businessmen, apprehensive over a U.S. drift to protectionism, Nixon's proposals were a heartening reaffirmation of official intent to work for freer trade, a vital contribution to economic betterment of under-developed nations. In conference rooms and hotel corridors, businessmen vigorously debated a host of other issues that ranged from new investment incentives (see New Ideas for Investment) to German Banker Herman Abs's call for a Magna Carta of investors' rights (see The Capitalist Magna Carta...
...between 1950 and 1955. But so much land was shifted out of wheat into such crops as cotton and jute for export (to get the foreign currency needed to industrialize) that Pakistan has to import grain for her rising population. Now with cotton prices down, throwing its foreign trade out of balance and forcing a cut in imports, prices in Pakistan have risen 20% in six months...
Insurance Policy. "May I take this liberty of suggesting that every American who invests in countries like mine is, whether he knows it or not, taking out an insurance policy for his children's benefit? Intercontinental trade and economic cooperation may after all prove to be the best safeguard against the intercontinental missile...
...FAIR-TRADE LAWS "are dead," says Discounter Stephen Masters, president of Masters Inc. (1956 sales: $45 million), which just won important legal battle. Supreme Court upheld lower-court decision that Masters' mail-order house in Washington, D.C., which has no fixed-price law, can sell goods below fair-trade prices in New York State, which does have such a law. Discounters can now ship cut-rate products by mail...