Word: trades
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...Americans, this sounds easy enough; just let free trade take its course, and the nations will develop. Western foreign aid programs rest on this assumption: give the poor countries a start, and soon they will be able to build themselves by trade...
...nations that say they need economic help and the 11 nations able to give it will face each other for a month of discussions at the second United Nations Council on Trade and Development (UNCTAD). The question they have to answer is whether the poor nations of the world are ever going to be able to catch up with the rich ones...
...chilling realization facing the diplomats at the conference is that free trade hasn't worked. In the last ten years, the gap between the rich countries and the poor has been growing. And unless change comes soon, the outlook for the future is even worse...
...core of the problem is a disastrous balance of trade: the poor countries are getting lower and lower prices for the raw materials they sell to the industrial powers, while the developed nations are steadily increasing the prices of the manufactured goods they export...
...unfavorable balance of trade can make any country clamp down on expansion. But for Senegal or Malaysia or Iran, trade is doubly important. Since the poor countries have little internal capital to finance development, they depend on foreign trade for money they need for expansion...