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short-fall in export earnings ECON

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Shrimp exports rebounded in 2000, representing 11 percent of export earnings through the third quarter 2000.
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Large iron and manganese reserves are important sources of industrial raw materials and export earnings.
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Receipts from phosphates had accounted for roughly 80% of export earnings and 50% of government revenue.
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They have supported development strategies and ensured that export earnings are reinvested in strategic and productive sectors.
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These investments continue to provide local employment, generate export earnings, increase municipal revenues and serve as vehicles for technology transfer.
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Cash crops, including coffee (its largest export), tea, cotton, cashews, sisal, cloves, and pyrethrum, account for the vast majority of export earnings.
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In 2000, oil and gas exports accounted for more than 98% of export earnings and about 83% of federal government revenue.
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Mineral deposits, including oil, copper, and gold, account for 72% of export earnings.
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In 1973, the massive increase in the price of oil was followed by a slump in copper prices and a diminution of export earnings.
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Companies that export goods would be able to exclude the export earnings from taxable income, equivalent to a 20% export subsidy.
www.project-syndicate.org

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