Word: outputted
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...natural areas on earth today. Most good agricultural land is already under plow, and each year desertification, improper irrigation and overuse take millions of acres out of production. Farms may increase in productivity, but it will be much harder to match the gains of the past, and whether agricultural output can keep pace with population is an open question...
...over the next 40 years. Chevron will have a 50% interest, but Kazakhstan will get 80% of the income, after the U.S. oil company pays taxes and royalties on its share. The region could eventually produce as much as 9 billion barrels of oil, which would help boost the output of the former Soviet Union. Last year, overall C.I.S. production fell 12%. The deal was nearly three years in the making, and operation is expected to begin early next year. Chevron's step could induce other large U.S. corporations to invest in the politically fragile area...
...spur new exports for American firms while adding little in the way of foreign competition that U.S. products do not already face. Carla Hills, U.S. Trade ! Representative, estimates that a successful Uruguay Round (so named for the talks' original venue) would generate an additional $5 trillion in world output over the next decade, of which the American share would be a hefty $1.1 trillion. It's "like writing a check," explains Hills, "to every American family of four for $17,000, payable over 10 years...
...governments to bolster their incomes. And they fear the monetary loss the Uruguay Round would bring about in order to give foreign products a fair shake. The E.C. doled out $45 billion in subsidies last year, $4,100 a farmer, even though farming generated a tiny 3.5% of European output. Despite seeking their own, albeit smaller, subsidies from Washington, American farmers resent the E.C.'s largesse and threaten to fight any GATT treaty that fails to curb...
...only time foreign investors got really excited about Peru was during the 19th century when 80 percent of the government revenues were derived from the export of guano (which is, well, bird shit)." Guano is a fertilizer obtained in the coastal islands that was used extensively to spur agricultural output, feeding an increasing world population. Does it matter to Peru's current crisis that it exported guano in the 19th century...