Word: important
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Dates: during 1960-1960
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...Cheese. The Russian offer was little more than a tempting bit of cheese on the treadle of a Communist trap. A smelter would give employment to only 100 workers. It would force Bolivia to import large quantities of costly British coke to refine its relatively low-grade (30%) ore. It would put Bolivia in competition with the international tin cartel, thousands of expensive miles from potential markets. Bolivia would have to accept platoons of Soviet "technicians" and go through with the first Russo-Bolivian exchange of diplomats in history...
...keep the inflation-ridden economy from collapsing, Kubitschek must juggle his debts faster and faster. Caught short of dollars two months ago and faced with a six-month, $87.7 million repayment installment to the Export-Import Bank and the International Monetary Fund, Brazil arranged a six-month payments moratorium-but the next Brazilian ad ministration will have to resume payments. To meet the internal demand for dollars, the Bank of Brazil recently started selling (at a discount) certificates for dollars deliverable within 90 days. The first batch of $80 million must be redeemed in dollars beginning...
...than canceled the tax rebates. Above all, New Zealand's voters were irritated by the feeling of pervasive government supervision of their tight little, right little island nation. A frequent gripe is that in the midst of prosperity, no one can buy an automobile except after paying exorbitant import duties and taxes (137% on U.S. cars), and even then the red tape makes delivery a matter of months...
Describing the particularly difficult problems of gearing a primitive African society to the modern world, Larry , a Nigerian delegate to the Nations, spoke of the economic development of Nigeria as "the marriage the existing Nigerian economy to industry." Nigerians must import such modities as Ovaltine, he said, despite fact that they are the world's second producers of cocoa, all because cannot process their existing raw materials...
...Ashby Commission proposed a plan which it called "LEAP"--Loan-Educational Aid Program. Under the plan, the Nigerian government would send natives to colleges in the United Kingdom, the Commonwealth countries, and the United States, and at the same time would import British and American teachers to supply existing needs...