Word: dutchness
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...DIVERSITY BRINGS ON A GOLDEN AGE FOR THE DUTCH...
COMPETITIVE ADVANTAGE The Netherlands had more than half the world's merchant ships. It ruled trade and shipping not just in Europe but throughout Iberia, Africa, Asia and South America, led by the famed Dutch East India and Dutch West India companies. (A forerunner of the latter founded New York City.) Amsterdam became the global financial capital; Dutch workers' wages were Europe's highest. The link between freedom and entrepreneurship was not lost on Adam Smith when he wrote of the virtues of free-market economics...
WHAT KILLED THE BOOM To protect its merchant fleet, Holland built an armada larger than the British and French navies combined. But the cost of this outsize national defense caused taxes to rise sharply, and the Netherlands still lost its naval supremacy. The result was the end of Dutch mastery...
...English 82.3 2. German 4.0 3. Japanese 1.6 4. French 1.5 5. Spanish 1.1 6. Italian .8 7. Portuguese .7 8. Swedish .6 9. Dutch .4 10. Norwegian...
...that meets Germany's concerns for a stable euro and French demands for job creation. The agreement will free up hundreds of millions of dollars for job-creating strategies, giving priority to small and mid-sized companies. But for France, there will be no free lunch. Addressing German concerns, Dutch Finance Minister Gerrit Zalm warned that the funds must be paid back in full. "There is no suggestion lots of subsidies will be handed out," he said. Nonetheless, the deal seemed to be a step in the right direction for France's new Socialist Government, which has stressed that...