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Protection at Home. Only one in five Japanese families now owns an auto but rising consumer affluence, the result of Japan's sustained economic prosperity, is changing that. This year Japanese car makers have confidently scheduled a 21% increase in their output, to 5,100,000 vehicles. Like most Japanese manufacturers, they enjoy a remarkable degree of government protection against foreign competition. Despite a 50% cut in tariffs this year as a result of the 1964 Kennedy Round of global tariff negotiations, imported autos still cost two or three times as much in Japan as in their country...
...Japanese labor costs still account for a substantial part of the price differential between Japan-made cars and American or German products. Auto workers in Japan are paid an average wage of 6? an hour, compared with $2.42 in West Germany and $5.30 in the U.S. Moreover, industrial output per man-hour has been rising by 21% a year since 1960, while total labor costs have been climbing by only 11%. With such economic advantages, Japanese automakers have lately been able to snare a rapidly increasing share of the world auto market. Auto and truck exports rose 51% last year...
...ought to consider his music, his lyrics and his singing style separately, since each of these three elements has different history in the development of his art. Their conjunction--in the various stages of each's evolution--is responsible for both the wide variety of Dylan's musical output, and its enduring unity...
Spreading Ranks. With scores of new franchised outlets opening their doors every day, the industry has lately been expanding by about 15% a year. The nation's 500,000 franchise operators enjoy a $90 billion-a-year business, accounting for 10% of the total U.S. output of goods and services and a remarkable 28% of retail sales...
...Rumanian effort is evident at Galati, once a quiet town of peasants and fishermen on the Danube, where the blast furnaces of huge new steel mills now light the night sky. When fully completed next year, the complex will lift the country's annual steel output from 4,400,000 tons to 6,900,000 tons, almost as much as Australia's production and more than Sweden's. Petrochemical plants are rising at Ploeşti, next to Rumania's oil wells, which until recently constituted the country's only significant industry. In conjunction with...