Word: offsets
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...unity of the poor in confrontation with the rich has survived, even though the OPEC price hike did more harm to the economies of underdeveloped nations than to those of the West. Most First World countries ultimately succeeded in boosting exports of their manufactured goods and technology enough to offset the higher import costs of petroleum. Developing countries, on the other hand, have had to spend so much of their foreign currency reserves on costlier oil or petroleum products that many have had to cut back sharply on development plans requiring capital equipment imported from the West. By joining...
...state, for instance, claim a large share of their nation's output, while widespread illiteracy limits access to new jobs stimulated by the economic development. While foreign investors may bring capital-intensive, labor-saving equipment into a country where there is massive unemployment, they frequently do so to offset the high wages that governments and trade unions would otherwise force them to pay urban workers...
...quickly than most of the others, while a few, including Southern Yemen and Niger, have actually had a negative rate of growth. In many underdeveloped countries, moreover, programs that have achieved targeted rates of growth have failed to raise living standards or generate savings because the gains have been offset by population growth. Swiss Economist Paul Bairoch points out that the pace of agricultural growth in the developing world has compared favorably with that of the First World in its period of economic takeoff during the 19th century. "The real difference between the performance of the two," stresses Bairoch...
...study found that in the past five years a 5 per cent increase in the number of faculty members was offset by an increase in enrollment of 8 per cent...
...into effect Jan. 1 as expected, TIME will continue to print in Canada, but without the present five to seven pages of Canadian news and with its 62-member Canadian staff cut by as much as 90%. TIME Canada has offered to reduce its advertising rates by half to offset the increased net costs to advertisers when the tax-law change takes effect. Canadian subscribers will be asked to pay a sharply higher subscription price to offset the expected loss in advertising revenues...