Word: boom
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Dates: during 1990-1999
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...across Central and South America, economists are predicting that by the end of the decade, Latin America will be one of the fastest-growing markets in the world. And with 80% of Latin America located east of Miami, the city is poised to be a major beneficiary. "Miami's boom in the '90s will dwarf the flight capital from Latin America that came in the '70s," predicts economist Lasaga. "Real business is coming through now, not just bank deposits...
...rule, and everyone aimed at a drab, fanatical egalitarianism. The nation dressed in rumpled blue tunics that made it difficult to tell men from women, and waxed so proletarian that even army officers removed their badges of rank. Today the society is brazenly materialistic, roaring through cycles of boom and bust that have made millions rich. The free-for-all has also left hundreds of millions in the dust but still eager to get theirs. "People are thinking only about money," says a Chinese professor of philosophy in Beijing. "We are only interested in seizing the opportunity brought by this...
...what about the customers of these scientists? The boom in in-vitro fertilization has only occurred because some couples will go to any lengths to conceive a child. If would-be parents stopped at natural barriers, Stillman and his team probably never would have split embryos in the first place--it certainly would not have made the cover of Time...
...best reasons to support NAFTA is what it will do for the world. NAFTA could lead to a series of trade agreements around the world that could, in turn, trigger an economic boom in Third World countries...
...This booming two-way commerce reflects a recent transformation that has brought free markets to Mexico. The impact extends far beyond border towns and deep into the American heartland, which sends Mexican buyers everything from soybeans to Chevrolets. Since Mexico began lowering its trade barriers, annual U.S. exports to the Latin American country have more than tripled, to nearly $41 billion. That has turned a U.S. trade deficit with Mexico of $5.2 billion in 1986 into a $4.7 billion surplus last year. "Almost all the real effects of NAFTA have already happened," says Paul Krugman, an M.I.T. economist. "Mexico...