Word: expand
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Dates: during 1950-1959
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...free-trade area comprising eleven European nations (notably Britain) besides the Common Market's six. Always, to Europe's Socialists and faint of heart, he preaches his doctrine: "The most successful means for the achievement and retention of prosperity is competition. Only by competition can an economy expand to serve all people, especially in their capacity as consumers, and dissolve all advantages which do not result directly from higher performance. Free competition thus leads to progress and profits for the whole social order...
While India's and Pakistan's inflation is due to their laudable, if overambitious, efforts to expand their industry. Indonesia can plead no such saving excuse. Indonesia has had a 59% cost-of-living rise since 1953. largely because the government is so intent on exterminating the last vestiges of colonialism that it is likely to destroy every profitable form of enterprise in the process. Indonesia has failed to pass a mining-and-oil-exploration law that would bring in new foreign companies, will offer no assurances against confiscation of new capital. Indonesia's legislature has ordered...
...older nations the inflationary pattern varies. In Australia, also trying to expand too far too fast, prices have doubled since World War II, while wages have risen 160%. The government, in alarm, finally began to choke back on credit, raise taxes and cut down on public spending. Not even conservative, thrifty Denmark has escaped inflation. Denmark has a per capita income of $807, above average for Europe. Recently the Danes discovered that they were living too well. Lulled by the eager world market for their dairy products, bacon, beer, machinery and ships, they let wages, prices and production costs rise...
Creation of a temporary Design Center has enabled the Department of Architectural Sciences to expand enrollment in its undergraduate courses, Norman T. Newton, professor of Landscape Architecture, stated yesterday...
...demand for long-term money-which a few months ago had raced far ahead of supply-was being pinched off by high interest rates. Businessmen still wanted to expand, but they were so hard-pressed to find the funds-and so reluctant to pay the steep interest-that they were shelving many marginal projects...