Word: exporting
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Dates: during 1970-1970
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...have increasing company in their new locations. All over the industrialized world, accelerating wage inflation is pushing manufacturers into new efforts to tap the vast pool of willing and cheap labor in poorer countries. They are farming out production of component parts, subassemblies and even finished products, sometimes for export to other areas but often for use back home. In the process they are not only cutting their own costs but speeding the industrialization of underdeveloped countries, some of which are coming to relish the role of workshops for distant, richer lands...
...World War II, roughly half of the diamond cutters and polishers in Antwerp and Amsterdam were Jewish. Those who managed to flee the Nazis took their skills with them. In the late 1930s, several hundred anguished but unbeaten refugees started the industry that today produces Israel's chief export: polished diamonds...
...last week, delegates to the Confederation of Shipbuilding and Engineering Unions' convention warned against interference in industrial relations. "The unions," shouted one speaker, "will not be led like lambs to the slaughter!" A national dock strike set for July 14 could paralyze Britain's crucial export trade...
...message is also for export. Chorusing Kenneth Tynan's epigram ("Life begins tomorrow"), Booker addresses to Neophiliacs everywhere a sad cautionary tale out of Ecclesiastes: "There is no new thing under...
...Libya last week ordered Esso not to export liquid natural gas from its new $350 million plant. The government declared that Esso was charging its Italian and Spanish customers an "artificially low price," and appointed a commission to investigate. Meantime, the company's two new tankers sat idle off the coast. In another move, Libya en forced an order requiring Occidental Petroleum and a joint venture of Texaco and Standard of California to reduce production by approximatey one-third. The declared reason: they were depleting the country's reserves too rapidly. - Algeria, which is against almost all Western...