Word: exporting
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Dates: during 1950-1959
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...measures to get its balance of payments in order. Button's prescription is for the U.S. to reduce foreign commitments, get overseas allies to carry more of the load, get internal costs under control. "If you don't stabilize your wage costs," says he, "you will lose export orders, lose gold and get unemployment. It is as simple as that. You have the strongest economy in the world, the highest productivity in the world. There will be no need to devalue the dollar as long as you keep your wages geared to productivity...
...background fact of the steel strike is the U.S. economy's pressing need for a hold-down on production costs. Round-after round of wage boosts followed by price boosts has brought not only price upcreep at home but also loss of export markets abroad. Western Europe's rebuilt industrial plants, more modern on the average than the U.S.'s, confront U.S. industry with increasingly rugged competition. In late 1958, the U.S., for the first time since the igth century, became a net importer of steel instead of a net exporter...
Powerful Australian and New Zealand meat packers as well as the packing unions sought to stop Delfino because shipping of beef on the hoof imperiled Australia's frozen-meat export trade. Delfino cleared this hurdle after conferences with the government, paid Auckland dock wallopers triple and quadruple wages to load coal, and then got steaming. Twenty-eight days and one hurricane later, he landed in San Diego, minus 107 cattle and one crew member who had died on the way. There he was greeted by the A.S.P.C.A., U.S. Bureau of Customs, and the Public Health Service. The Chinese crewmen...
Norway and Holland were largely interested in solving import-export problems, and used the new system along with their national income accounts to see what effect a shift in the trade balance would have on industry. Several South American nations, including Argentina, Peru, Chile, and Equador are also using Leontief's device. Great Britain has employed it for several years...
Interest in European nations has been prompted by import-export considerations. Underdeveloped economies are anxious to pursue a rapid planned growth process, which is greatly facilitated by this type of analysis...