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Pages 77-79

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From page 77...
... manufacturer. The trends in air transport noted earlier, which forecast more rapid growth for the developing countries, amplify the significance of government involvement in future marketing and sales.
From page 78...
... The aircraft industry suffers from two special vulnerabilities connected with the ex post facto monitoring of compliance with international trade agreements: the large size of individual aircraft purchases and the leverage gained by initial sales. Aircraft purchases tend to come in spurts rather than in a continuous flow as an airline replaces aging equipment or adds capacity.
From page 79...
... There is some reason to believe that their reluctance to sign reflects a desire to change their competitive position in the world market. Spain will be brought under the terms of the agreement should it join the EEC.


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