Word: economists
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Dates: during 1980-1989
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...growing awareness among Western leaders of the need for workable solutions. French President Francois Mitterrand has suggested allowing an organization like the International Monetary Fund to buy depreciated Latin debt and accept interest payments in line with the loans' discounted value. Author John Kenneth Galbraith and Harvard economist Jeffrey Sachs call for the Latin Americans to declare moratoriums on their current interest payments and pay only as much as they can afford. For some nations the plan would be tantamount to debt forgiveness, which would force banks to write off the loan- loss reserves they have set aside against...
Perhaps the most unusual proposal to date comes from a Peruvian economist, who has suggested swapping debt for the creation of an antidrug fund. Under the scheme, debts held by overseas commercial banks would be handed over to the central bank of the debtor. The commercial banks would be able to write off the debt as a loss and donation for tax purposes, while the debtor country would put a percentage of the debt into a local currency deposit. The interest would be directed into an antidrug fund for financing crop substitution and other development projects in areas where cocaine...
...recent article in the Economist, Baker Professor of Economics Martin S. Feldstein offers President-elect George Bush some advice...
...dollar value can compensate for a massively inefficient, stagnating industrial sector. In the book "The Zero-Sum Solution," MIT economist Lester Thurow pointed out that "problems of international competitiveness will be with Americans even after the dollar falls...
...Mechai, a former government economist, launched a private nonprofit organization, now known as the Population and Community Development Association (P.D.A.), to foster family planning and distribute birth-control devices. With growing encouragement and financial support from the government, the Bangkok-based P.D.A. has made population control a national mission. Today some 70% of Thailand's couples practice family planning. Mechai estimates that , without his program Thailand's population, currently 54 million, would have grown to 64 million...