Word: exporting
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Dates: during 1950-1959
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...observed, a fine, un-English summer and the news of an impending addition to the royal family have conspired to help the Conservatives, there remain sound reasons for Macmillan's success. The first is prosperity. With full employment, a stable pound, lowered taxes, increased social services and the healthiest export-import situation in this century, most of England is enjoying unprecedented prosperity. Another helpful issue was foreign affairs. Despite the electoral liability, especially in Scotland, of recent abuses of power in Kenya and Nyasaland, Macmillan's leadership in trying to break the cold war deadlock and get to the summit...
Clearest symptom of the chaos was the sudden and steep decline in China's exports. In 1958 Peking had begun to invade the markets of Southeast Asia with a flood of inexpensive bicycles, textiles, rice. By underselling Japan, Red China increased its exports to Singapore and Malaya by 23%, nearly doubled its trade with Thailand and Ceylon. But by this spring Red China was unable to fill even longstanding orders. At the annual trade fair in Canton last May, export sales were down 56% from the previous year...
...lower U.S. price of a can of drip grind or a jar of instant lies a revolutionary new Brazilian coffee policy. For years Brazil operated as though it grew all the coffee in the world, refused to sell for less than its own pegged price, watched its markets and export income dwindle. Last year Brazil pulled out the peg, let prices seek their level, began selling hard. By August, coffee sales were setting records, and by last week the first two major effects could be plainly measured...
Meeting in Washington, representatives of the world's major coffee areas agreed on the first export quota plan ever to include Africa as well as Latin America. Latin Americans, citing a world market of about 39 million bags v. production of about 51 million, wanted the Africans to join them in last year's pact, but the Africans were more interested in bigger markets than in price. Brazil's selling blitz cut sharply into African sales, persuaded Africans to sign...
...Nigeria, a leading export is peanuts. When oil is extracted from peanuts by normal methods, the residue is a rough oil cake, fit only for animals. But a few of Chayen's mechanical cows could digest Nigeria's whole crop, extracting both oil and edible protein. The oil and other byproducts could be exported, earning as much money as exporting the peanuts whole, and the protein could be retained to correct Nigeria's protein-deficient diet. A machine digesting four tons of peanuts per hour would cost only $700,000, and it would supply enough protein...