Word: pez
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...help it along, Franco was persuaded to go on to an even more ambitious four-year development plan. At the heart of the plan are the seven development "poles" scattered throughout provincial Spain. Borrowing a page from Puerto Rico's successful Operation Bootstrap, Planning Minister Laureano López Rodó offers a five-year tax holiday, duty-free equipment imports, easy credit facilities and attractive plant sites to private industries willing to set up shop in these areas which are starving for capital...
...purchase of Spanish trucks, industrial machinery and other manufactures. Owing to a swelling demand for imports, Spain is heading for a $200 million balance-of-payments deficit in 1965 and must find export markets for her growing factory output. Explains Láureano López Rodó, 44, Franco's top economic planner: "Credits are a means of selling, and since our fundamental problem now is our export problem, I believe we should try to put ourselves in a competitive position...
...HONDURAS. With 136 coups in 144 years of independence, this neighboring Central American republic (pop. 2,000,000) can at least thank Strongman General Osvaldo López, 44, for two years of political stability-and economic growth. With $25 million a year in Alianza aid, generous foreign investment, and their own nine-foot-deep topsoil, Hondurans have built a G.N.P. that this year is expected to add up to $460 million, 8% over last year. Bananas still provide $38 million (or 40%) of the country's export earnings, but the highly successful Central American Common Market has stimulated...
...endanger the Mexican consensus by inciting strikes, disorders and sedition. For the anti-gringo nationalists, he criticized U.S. intervention in the Dominican Republic. For Washington, which has provided massive loans and grants, there was praise for the Alliance for Progress (something that his predecessor, Adolfo López Mateos, never found it in his heart to do). For Mexico's ballooning middle class, there was a call to partnership with the public sector in building new businesses and factories. For the progress-minded, there was a rattling off of impressive statistics: in 1965 the gross national product was increasing...
Shortly before the election, the Nationalist Party supporting López announced that if it won a majority of the 64 assembly seats, it would declare the colonel to be Honduras' constitutional President. To provide a semblance of opposition, López permitted the deposed Villeda Morales to return from exile in Costa Rica and run a full slate of Liberal Party candidates. That was largely window dressing. Opposition leaders complained that army troops went around arresting key Liberal organizers and lifting the identity cards of thousands of Liberal Party members...