Word: important
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Dates: during 1980-1989
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...Eastern Europe's limited strengths. There is nothing necessarily wrong with the region's engineering and craft skills; it's the managerial savvy that is lacking. Joint ventures sound attractive, but their history provides many caveats. Licensing agreements may be the best bet, if they don't require the import of components that have to be paid for in scarce hard currency. In any case, those aspiring to become the Armand Hammers of this generation may recall that after five years, in 1930, Hammer sold his pencil factory in Moscow...
Also, it's just good business. The inability of ((Latin American)) countries to pay their debt has created another problem that is even more damaging than the debt burden itself: an inability to import. Yet our countries are a market . that is indispensable to the growth of the industrialized nations. So resolving the problem of debt means opening markets to the industrialized countries...
...however, one big European vacation. As an "import"--one of two American players allowed each European team--MacDonald is under a lot of pressure to produce. It's not a new situation for MacDonald: he's always felt a personal, if not an outside, push to succeed...
...Their interests are linked to the export of wealth. They import perfumes or nail polish and want us to use our hard-earned dollars from coffee ((exports)) on these frivolities. We say no; our dollars will go for machines...
...Reopen access to Export-Import Bank credits on terms available to other countries...