Word: free-market
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Liberals criticize Ec10 as having a conservative bias and preaching a form of “free-market fundamentalism.” And it’s true that Mankiw—a former economic adviser to George W. Bush—did assign an article entitled “Two Cheers for Sweat Shops.” But hey, that’s economics, baby...
...China, which must increasingly develop its own brands, designs and technology to rival those of America, Japan and Europe. It would not be the first time Shenzhen has led the way. The city, located in southern China's Pearl River Delta, has been at the forefront of China's free-market reforms for 25 years. In 1979, late Chinese leader Deng Xiaoping designated Shenzhen as one of the county's first special economic zones (SEZs), offering privileged terms to foreign companies wanting to invest there...
That clash of visions is not confined to Mexico. Similar battles are raging throughout Latin America, which is witnessing the rise of a generation of politicians seeking to capitalize on frustration with the free-market, pro-American policies commonly pursued in the region in the 1990s, when much was promised and little was accomplished in terms of raising living standards. The leader of this turn toward populism is Venezuelan President Hugo Chvez, who has cast himself as the heir to Fidel Castro, using his country's oil bonanza to purchase political influence all over the continent. But in recent...
...autonomy item, highlanders like Patricio Mamani of the working-class El Alto community note that regions like Santa Cruz are where most of Bolivia's prodigious natural gas is located - reserves that Morales nationalized earlier this year as part of his government's reversal of recent Washington-backed free-market reforms in the country. "The elite in Santa Cruz want autonomy in order to control the wealth there," said Mamani during the vote on July 2. "They want to live off those riches and not share with the rest of the country...
...more than 100,000 U.S.-dollar millionaires. It's also true, as Lyne argues, that Russians have rarely been so free. "They are vastly freer than the Chinese. They can live well and have fun. They can read, watch, say what they like and access the Internet." Perhaps unsurprisingly, in polls Putin's approval ratings are high, nearly 70%. But these positive trends coexist with many signs that Russia is stumbling on the path toward free-market democracy - so much so that some U.S. and European legislators and human-rights groups want to kick...