Word: tradings
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Dates: during 1980-1989
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Most experts thought it did not work. The dollar fell without creating a recession, but America's trade deficit has barely declined. "Come on," argues Baker, whose tolerance for criticism is not his strongest suit. "Can you imagine where we'd be today on the trade deficit if the Plaza process hadn't begun...
...guest is present. Slowly, with his official voice in gear, the Secretary-designate rehearses the lines he will shortly repeat to the Senate during his confirmation hearings. "We've got to make sure Europe is open to all," he says. "If that means aggressively enforcing our own trade laws, so be it. I hope it doesn't come to that. It's going to take some skilled diplomacy to get the edge on that one. Tell you the truth, I can't wait to get my hands on this stuff...
...will allow them to resolve their internal problems." Neither can afford the immense military machines they have built. By curtailing the animosity that made such military spending necessary, the two nations can put those resources to better, domestic use. Though they have something to offer each other in bilateral trade, sales of tangible goods may be less important than another exchange: strategies for reform. Says a Chinese analyst: "Beijing needs to push its stalled political reforms and Moscow needs to produce results in economic reform. Both sides are interested in what the other is doing...
...notably resolving the dispute between Japan and the Soviet Union over several small islands in the Kurile chain, what the Japanese call the Northern Territories, which have been controlled by the U.S.S.R. since World War II. The Soviets should also open their far east much more fully to foreign trade and visitors, and operate their own Pacific fleet in a way that does not raise concern over Soviet objectives...
...demise and encouraged by Rodriguez's rhetoric pledging "the initiation of democratization." But while Rodriguez is popular with his troops, his lengthy association with Stroessner casts doubt on his claims. His style of high living is attributed to heavy involvement in Paraguay's large-scale smuggling and drug trade. As a U.S. intelligence analyst put it, "He's been a 30-year intimate of the old man. He's not going to reinvent the wheel...