Word: tradings
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Dates: during 1980-1989
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...contrast to Korea's large corporations, Taiwan's companies, which churn out products as diverse as calculators and vaccines, tend to be small. But they make big waves in world trade. With the U.S. alone, Taiwan piled up a $16 billion surplus last year. That has stirred anger in Washington, which has forced Taiwan to raise the value of its currency, and is threatening protectionist retaliation because the country keeps its domestic market closed to U.S. imports...
...term commercial bank loans, a stunning action that sent shock waves through the international banking community. The financial crisis has forced Brazil to curb imports and go all out on the export front. So far, the results have been unexpectedly impressive. In July alone Brazil achieved a record monthly trade surplus of $1.4 billion. The Brazilians still rely on sales of such basic goods as orange juice and coffee, but the country has also become a prominent exporter of manufactured items, including steel and small aircraft...
...greatest threat to Brazil, and all the other NICs, is that the U.S. will try to slash its trade deficit by erecting new trade barriers. To prevent that from happening, the NICs will need to open their own markets wider, buying sophisticated goods and technology from the U.S. Unfettered global competition may be unsettling, but it can boost trade in every direction, and that will ultimately benefit all the players...
...supercomputers. Western Europe is coming up fast in aeronautics and office equipment. The newly industrialized countries are staking out their turf as low-cost producers of everything from steel to TV sets. And the U.S. may face a fresh competitive breeze from Canada as a result of the free-trade agreement the two countries reached...
...none, its high schools are failing to give students the verbal and math basics they need for increasingly technical jobs. When New York Telephone recently administered a test of fundamental skills to 22,880 job applicants, 84% failed. Better job-training programs are key parts of major competitiveness-boosting trade bills now being considered in Congress...