Word: 1980s
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Dates: during 1970-1979
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...conservative tax, spending and money-supply policies aimed at spurring investments. As a result, he believes, the U.S. and other industrial powers have a good chance of coming out of "the malaise of the 1970s" into a long era of moderate but steady and less inflationary growth in the 1980s. Eckstein foresees some danger, but a rather pleasant one. Once the slowdown is over, he thinks, the economy will expand so rapidly through 1980 that by early 1981 "a safely re-elected Carter Administration"?or its successor?will be faced with the problem of slowing it down again...
Tensions between the Soviet Union and the United States may be resolved in "an unpeaceful or unpleasant major confrontation sometime in the 1980s," Samuel P. Huntington, Thomson Professor of Government and director of the Center for International Affairs, said yesterday...
...phase of expansion. Growing twice as fast as in recent years, the amount of purchases billed on cards so far in 1978 is up 40%. Americans spend $16 billion a year on cards, and the total is expected to soar to about $50 billion in the late 1980s...
While many industrialized nations have wobbly economies, the less developed countries (LDCs) are enjoying a period of good health that is likely to continue into the mid-1980s. That is the substance of an unexpectedly optimistic report last week by the World Bank. The economies of the non-oil producing developing countries expanded 4.9% last year, vs. 3.5% for developed nations. One reason is that bountiful harvests have substantially eased food shortages, especially in Southeast Asia. The effective use made of World Bank agricultural loans, which have increased 40% since 1973, was especially praised. The LDCs also benefited from...
...world, the U.S. needs to put 12% of its G.N.P. into such investment, but the figure has been 10% since the early 1970s. Result: America's plant is aging and outdated, and a huge backlog of unmet demand for capital goods has built up. In the early 1980s, says Greenspan, capital investment will soar...