Word: free-market
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...Washington, where he had been hospitalized after a heart attack. An avowed Marxist, Jagan was elected premier in 1953, and again in '57 and '61, while Guyana was still a British colony, but his grip on power was repeatedly sabotaged by British and U.S. machinations. Jagan later adopted free-market principles, and after nearly three decades in opposition, made a comeback in 1992 in what was hailed as the country's first free election in 28 years...
...will grow inexorably from the complex of roots he planted firmly in the nation's soil. Yet his work is unfinished, and the next China will have to come to terms with the fundamental contradiction in his hybrid creation. Even as the country embarked on a headlong pursuit of free-market economics, Deng insisted it be done under the iron fist of a rigid communist political system. The people would be free to get rich but not to challenge or change their leaders. Economic liberties would have to coexist with political bondage. China would continue to be ruled...
...sensing that the populace was exasperated by conservative austerities, he emerged from seclusion to rout his opponents. His stratagem: leading high officials on a tour of Shenzhen and Zhuhai, his prosperous economic enclaves. Nearly deaf by now, he urged Chinese to "seize the opportunity" of such go-go, free-market examples. The result was an explosion of economic growth and the elevation of "Deng Xiaoping Thought" to gospel, an ironic turn for a man who shuddered at "cults of personality." But it was the final somersault he had to perform to ensure the survival of his legacy...
...Only a year ago, Latin America was still reeling from the effects of the 1994 Mexican-peso collapse. Now virtually all its major economies are riding a wave of free-market bullishness...
...India, unlike China, Courtis said, the free-market reforms pushed by the political elites have not yet won acceptance by the population at large: "They're still at the point where they think reform is going to make their life worse." The big question mark, said the panelists, is whether the current 13-party coalition government can accelerate the pace of reform enough to attract badly needed foreign capital...