Word: economice
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Dates: during 1960-1969
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McClelland feels that his experiment has a number of practical as well as theoretical implications. One is that the instant training of potential business leaders may be a quicker and more painless way of bringing economic motivation to an underdeveloped nation than by indiscriminate infusions of financial aid. The Indian...
In purely economic terms, the stakes are high. The tobacco industry accounts for 1% of the gross national product, contributes half of its $8 billion annual sales to federal and local taxes and helps to support 85,000 manufacturing workers, 1,200,000 retailers and 700,000 farm families. Still...
Thus, few Britons were surprised when on Budget Day last week Chancellor of the Exchequer Roy Jenkins announced higher taxes and other austerity measures. This time, politics impelled Jenkins to go light on wage earners and to hit business heavily. Still, his prescription calls for much the same medicine that...
TAX increases in Britain are imposed with guillotine-like dispatch. Disclosing few, if any, details in advance, the government presents the bad news in its annual budget and gets quick approval from a compliant Parliament. In what has become a national guessing game, Britons start hedge-buying weeks beforehand on...
Britain's economic dilemma is a blend of too much pride and too little selfdiscipline. For centuries Britain enjoyed overwhelming economic and political power for its size, a situation that has left the country accustomed to living beyond its shrunken means. Doubt has taken deep hold that any government...