Word: dollarization
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Dates: during 1980-1989
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...women (nurse, librarian, secretary) tend to pay less than jobs generally held by men (accountant, construction worker, trucker) that seem to demand the same level of skills, responsibility and effort. This is a major reason why working women, despite equal-pay laws, still earn only about 60? for every dollar earned by men. The question now is whether courts and the Government have the right, or the practical ability, to calculate the relative worth of disparate jobs and then to mandate that wages be adjusted to reflect these determinations...
...years. A severe drought, now in its third year, has seriously impaired agricultural production and rendered useless hydroelectric projects in which the government had invested heavily. As a result, the country is relying on oil imports for 85% of its energy needs, and paying for them with a dollar that has gained more than 40% in value against the dirham since 1981. At the same time, prices on the world market for phosphate, Morocco's main export, have dropped to less than half what they were...
...given their problems, Moroccans are doing a lot of hoping these days-hoping that the dollar will weaken, hoping that the U.S. economic upturn will spread across the Atlantic, hoping that the rains will come. Hassan, meanwhile, continues to hope for a calm without a storm...
Caton said that restrictions on foreign imports could help remedy the trade imbalance. He also called for a reduction of the federal deficit to lower interest rates and weaken the dollar...
...Eckstein's recommendations are not altogether new," Carliner said, adding, "ICEA Chairman and Professor of Economics Martin S.I. Feldstein'61 has been saying the same thing about the budget deficit and the value of the dollar...