Word: economists
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Dates: during 1980-1989
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...links to glasnost: now that the economy's inherent flaws have been aired, it is impossible to retreat and pretend once again not to see them. "The notion that Ligachev or anyone else can bring perestroika to a halt now simply does not square with reality," says Soviet economist Gavril Popov. "Empty store shelves and housing problems have made the process difficult, but something absolutely vital has taken place in Russian terms: a change in our way of thinking...
...however, that if foreign supplies were cut off oil prices would quickly skyrocket, inevitably sending the economy into a tailspin. Because production takes years to gear up, the U.S. petroleum industry could not fully make up the slack of the lost imports. Says John Boatwright, Exxon's chief domestic economist: "It's not a garden hose you can turn...
...acre one foot deep, and if you can find 70,000 of them lying around for the taking in Southern California, you can probably change your name to Yahweh and begin collecting burnt offerings. No obvious replacement source presented itself in the Mono Lake dispute until recently, when an economist named Zach Willey suggested that the city and the environmentalists get together to buy water from farmers on the western side of the Sierras in California's vast central valley...
Rather than trying to re-create the web of regulations and subsidies that once supported rural America, federal policy should concentrate on helping rural areas compete in the new global economy. Economist Robert Reich of Harvard University believes that rural America must shift its dependence from production of low-value, high-volume products like grain and simple manufactured goods to high-tech manufacturing and services. To make that transition, business and government would have to pump more money into rural schools, hospitals, roads and other infrastructure. Says Van Hook: "We have to make some investments in rural America...
...East bloc. One school, which includes Italian Prime Minister Ciriaco De Mita, is eager to launch a Communist Marshall Plan to deal with the bloc's $131 billion indebtedness -- a 60% increase in three years -- rung up by outmoded and mismanaged state industries. "An expensive irrelevance," snorted the Economist. Critics are wary of throwing money at Eastern Europe without a clear idea of what they should extract in return. Former U.S. National Security Adviser Zbigniew Brzezinski wants any assistance to be met by "deliberate movement toward the adoption both of a free-pricing mechanism and of genuine freedom of political...