Word: outputted
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...ashes. MacArthur said that he hoped eventually to rebuild the country to the point where it would become "the Switzerland of Asia." Today, Japan is the second most powerful economy in the free world. Its trillion-dollar-a-year industrial machine accounts for 10% of the world's output. By 1990, the Japanese may achieve a per capita gross national product that surpasses that of the U.S. As a 19th century French tourist said of another island people, the English: "Mon Dieu, comme ils travaillent...
While indexation fans Brazilian inflation, one root cause of rising prices is excessive government spending. State-owned companies, which are involved in everything from energy to real estate and generate roughly two-thirds of Brazil's economic output, have become bloated and inefficient. In the past decade their expenditures have more than doubled, even after adjustment for inflation. Under pressure from the IMF, Brazil has agreed to cut the budgets of state-owned companies by 3% and to slash their capital spending...
...striking similarities exist between IBM and Japanese companies, the reason is that Big Blue was the model for some Japanese business techniques. For example, IBM developed "quality circles" some 20 years ago. The circles, small teams of workers that get together to discuss ways to improve output and solve production problems, have been widely adopted in Japan and are often cited as a reason for productivity gains there. Both IBM and Japanese executives stress harmonious employee relations, and both place a high priority on becoming the most modern, cost-efficient manufacturer of the products they turn...
Meantime, most evidence suggests that the first bloom of the revolution is beginning to wilt. Agricultural output, the key to any improvement for Ethiopia's impoverished peasants, has stagnated: state farms set up after the revolution cover 4% of Ethiopia's arable land and consume 76% of available fertilizer, yet 80% are operating at a loss...
...During the first three months of the year, as the government's austerity program took hold, industrial production was off 11%. Mexico's auto industry, the country's largest non-oil enterprise, suffered a 50% drop in sales. Iron and steel production cooled by 11.5%. The output of radios and other appliances dropped 20%. Even beer consumption was off 20%. The number of jobs in the economy shrank by about 8%, adding perhaps as many as 1.6 million more people to the 10 million already out of work or underemployed in a work force of 30 million...