Word: traded
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Dates: during 1960-1969
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...countries' economic ministers in 1961. Despite impressive economic growth in several countries, notably Venezuela and the Central American republics, the Alliance has fallen short of its goal of freeing Latin America from the gross disparities between rich and poor, from the rigid tariff barriers that inhibit trade, and from the debilitating dependence on only one or two crops...
...other than Asia, Johnson sought not only to reaffirm the continuing U.S. commitment to Latin America, but also to resuscitate the Alliance in his own pragmatic way. It was no easy task. During the pre-summit talks, a few countries threatened to withdraw unless the U.S. granted more generous trade concessions. The Communists prepared protest demonstrations...
...separate trading zones, the eleven-nation Latin American Free Trade Association and the five-nation Central American Common Market, have sprung up south of the border in recent years. But they are too loosely organized and too small to have much overall effect on the continent's economic growth. Johnson's proposal calls for converting those two organizations into one European-style economic community. It would be run by a strong Brussels-type secretariat whose policy would be to encourage the integration and diversification of the area's industries. One country, for example, would concentrate on producing...
...earnings of Malawian workers in the factories and mines of South Africa and Rhodesia. Malawi is the only black African nation that openly refuses to comply with the U.N. economic sanctions against Rhodesia, and last month it became the first black African nation to sign a formal trade agreement with South Africa...
...rest of black Africa is concerned, the trade pact only proved that Banda is a "traitor to his race." In the past few weeks, he has been condemned and cursed from the Zambezi to the Niger and beyond, and the Organization of African Unity has even threatened to throw out Malawi as long as he is there. Banda is unimpressed. Last week he went before his Parlia ment to answer his critics with a quotation from Shakespeare's Julius Caesar: "There is no terror, Cassius, in your threats...