Word: traded
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Dates: during 1970-1979
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...expansion of American business and technological activity abroad. We may assume that socialist China is less corrupt than Iran was under the Shah. But contracts for billion-dollar installations in foreign lands easily lend themselves to some degree of corruption or private self-seeking. The American tourist trade, available especially to our more affluent fellow citizens, is also unlikely to strengthen socialism except perhaps by the power of negative example. How can China install thousand-room tourist hotels without creating latter-day echoes of the foreign concession areas where the Western and Japanese visitors enjoyed a glimpse of Chinese culture...
...spokesman for the construction firm said would have edges sharp enough to cut off the toes of any Mexican who tried to cross it, the Mexican government was willing "to fight to the last barb to tear the thing down," one American living in Mexico said. When the U.S. trade restrictions on Mexican goods oscillated unpredictably, Lopez Portillo voiced his outrage...
...instance, while Energy Secretary James Schlesinger has consistently opposed giving Mexico any special treatment on trade or immigration policy (he was in back of Carter's rejection of the oil purchase), the President's National Security Council issued Presidential Review Memorandum (PRM) 41 in mid-December, which recommends granting Mexico concessions on certain issues in hopes of gaining access to "the most promising new source" of oil for the 1980s...
...face--on the same day, the Commerce Department announced its unilateral decision to close a big export promotion center in Mexico, making a mockery of Carter's trip, which was supposed to open up lines of communication between the two nations on the very question of improving trade relations...
...help Mexico create jobs for its citizens in a number of ways. It could, for example, relax trade restrictions on goods with high labor costs. It could also give direct financial support to Mexican-run programs like PIDER, which has been phenomenally successful in creating jobs and improving living conditions in the poorest rural areas, which are the main source of illegal immigrants...