Word: democratization
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Dates: during 1980-1989
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Chile's long democratic tradition was finally back on track last week after a 16-year hiatus. In the first presidential election since the bloody 1973 coup that ousted Marxist Salvador Allende Gossens and brought General Augusto Pinochet Ugarte to power, voters elected Patricio Aylwin, 71, a Christian Democrat. As soon as Aylwin's victory seemed assured, thousands of citizens poured into the streets in jubilant celebration. Said Aylwin: "Chile has again taken destiny into its own hands...
...inflow of foreign capital. During the spend-and-borrow era of the 1980s, the gusher of flight capital into the U.S. from Latin America helped finance America's deficits. As in Hollywood, not many politicians were concerned about where the money was coming from. Alarmed by the tide, House Democrat John Bryant of Texas has long pushed for legislation to require disclosure of the identity of foreign investors. But for years, the Reagan Administration refused to go along, claiming that such openness might scare away capital...
Similarly, the U.S. needs to revamp its technical assistance to poorer nations. In the past, development agencies have tended to promote pell-mell progress, leading many nations to conclude that environmental destruction is an integral part of economic advance. Senator Albert Gore, a Tennessee Democrat, advocates that assistance be refocused on "leapfrogging" technologies, like low-emission power plants, so that nations may better the lives of their people without repeating the mistakes of the industrial world. But to develop better technologies, says Harvard atmospheric scientist Michael McElroy, the U.S. will have to bolster its faltering science education...
...curtained booths behind closed doors." Most people would assume that editorial had been written about Gorbachev's Russia in 1989. In fact, it was written about Stalin's Russia in the 1930s. Gorbachev is certainly not a Stalinist, but he is also just as certainly not a Jeffersonian democrat. We should examine his motives just as coldly as he is examining ours...
...expects all such programs to fail, bad debts and write-offs are steadily increasing. "Losses from these programs have already cost the taxpayers tens of billions of dollars and have had a significant impact on the federal deficit," warns Charles Bowsher, the U.S. Comptroller General. Adds Michigan Democrat John Dingell, who chairs a House subcommittee on oversight and investigations: "It is as if every man, woman and child in this country each co-signed a personal loan...