Word: exporting
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Dates: during 1970-1970
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...dollars adds to the money supply in the country that does the buying. - Foreign governments can allow the price of their own currencies to rise, usually by formal revaluation. That reduces the inflow of unwanted dollars, but a revaluing country must resign itself to seeing its export prices go up. Even so. West Germany revalued the mark last year, and Canada is currently letting the price of its dollar rise in relatively free trading. Some European central bankers foresee a series of upward revaluations, in about a year or 18 months, of the Swiss and Belgian francs, the Dutch guilder...
This point, however obvious, is instrumental in establishing the commonalty of friendship. "Every relationship between two people starts going sour if one person is more successful than the other," says Psychologist Wright. "There has to be an import-export quality to friendship. One exports what the other needs and vice versa. When the balance of payments is disturbed, there is a falling...
During their visit, the American businessmen were scheduled to be received by the Shah. To encourage more foreign-capital inflows, the Iranians announced that private investors will henceforth be allowed to own majority stakes in joint ventures with the government, and that special export subsidies will be granted for products that they make in Iran and ship abroad. Said Economics Minister Hushang Ansary: "We will give investors ample opportunity to get wealthy...
...Hubert Humphrey promised protection that would hold back imports of wool and man-made fibers by international agreement, much as cotton textiles have been restricted since 1962. Textiles today are less important to Japan's trade balance than they once were; that country has been switching its export emphasis to costlier and more complex products, like television sets and turbines. But the Japanese fear that if they yield on textiles, they will face similar demands for quotas on other goods. The U.S. electronics industry has already asked Washington's tariff commission to investigate alleged Japanese dumping...
...payments surplus, the British have sacrificed economic growth, which has been running at an annual rate of only 2%. They have also held down industrial investment and allowed unemployment to rise to 2.7%, which is high by British standards. Those measures reduced domestic demand, thus forcing manufacturers to export more. The basic consumer demand remains; as taxes and interest rates move lower, it could spurt again...