Publisher's Synopsis
Excerpt from World Agriculture Outlook and Situation: December 1981
Because of their currencies' depreciation during most of 1981, several European nations and Japan enhanced the competitive position of their exports, especially rela tive to us. Exports. At the same time, import growth lessened, partly because the depreciation of their curren cies made Europe and Japan's imported goods from the United States more expensive than those domestically produced. The value of France's exports rose 28 percent from August 1980 to August 1981, partly on the strength of strong demand from opec countries. Meanwhile, French imports increased only 16 percent. Italy's imports also grew less rapidly than its exports. Both the Japanese and West German economies continued to surge, primarily on the strength of their exports. Still, export expansion was weak in 1981 because of low growth rates in the oecd and elsewhere.
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