Word: developmentally
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Dates: during 1970-1979
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Home now for the deposed Shah is Contadora, an island a little more than a mile square lying 20 miles off Panama in the Pacific Ocean. Part of a necklace of 226 other islands called Las Perlas (The Pearls), Contadora earned its name -Spanish for counter-during the 16th century...
The Paris-based Organization for Economic Cooperation and Development, which comprises the world's 24 leading non-Communist nations, also issued a grim forecast, and on an even larger scale: a rise to $26 per bbl. would cut nearly 1% off its members' economic growth, reducing it to...
Iran and Libya urged that OPEC adopt the classic market-tightening tactic of cartels: production cutbacks of 5% to 10% that would keep prices high even if demand sags. But several members, including Venezuela, resisted on grounds that production levels are a matter of national sovereignty. Among those opposing the...
Their growth prospects evaporated largely because many industries became increasingly outmoded and continued to lose their edge in global competition. America was living off its accumulated capital stock, a consequence of its people's unwillingness or inability to save and invest. While the U.S. spent scarcely 10% of its...
The happiest surprise of the championships was the return of the Chinese. They had not competed in the world championships or Olympics since 1962, and, in a sport in which yesterday's supertrick is today's ordinary item, they were not expected to stir much attention. Chinese Men...