Word: exporter
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Most of the economic progress has come from increased foreign investment. In "Export Processing Zones," workers eat, sleep, and work in new factory complexes. The products are all exported and as a result are duty-free. The manufacturers, mostly American and Japanese, come to Taiwan because the workers are measurably more efficient than those of their own countries, and because at a dollar a day, they are cheaper...
Gurus for Export...
...East. Now Westerners are getting a good look at what Marco was talking about in the first North American tour of the acrobatic troupe from the Chinese city of Shenyang. Unless one counts the Chinese Ping Pong team, the Shenyang troupe is China's first cultural export to the U.S. under the exchange agreed to last winter by President Nixon and Chou Enlai. It is a delightful debut, a cross between a Chinese circus and a ricksha pileup...
...Leonid Brezhnev and other officials, the Commerce chief has formed the out lines of a U.S.-Russian arrangement in which U.S. goods and technology would be exchanged for huge amounts of Soviet natural gas and other fuels. Last month he signed an agreement with Poland that will grant U.S. Export-Import Bank credits to the country, and is expected in five years to triple U.S.-Polish trade to about $600 million annually. The Poles also agreed to let U.S. companies buy up to 49% of Polish businesses and share in long-term profits. The pact may lead to U.S. trade...
...entirely bad for Britain, the pound's fall has helped to compensate for the rise in British export prices in the past year. But, as speculators rushed out of the pound and into stronger currencies, the pound's weakness threatened to unsettle the whole network of currency-exchange rates that was stitched together in last December's Smithsonian Agreement. For the sake of stability, Britain's Common Market partners-to-be last month urged Heath to make a modest formal devaluation quickly. Rumors circulated that Heath had agreed, but only on condition that the pound be pegged...