Word: free-market
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...country had been priding itself on its stability and relative prosperity, especially since President Salinas pushed through his six-year program of free-market economic reforms and Mexico joined the U.S. and Canada in the North American Free Trade Agreement (NAFTA). Last week he announced that Mexico had become the first Latin American nation to join the Organization of Economic Cooperation and Development, the association of the world's leading industrial democracies...
That is the equivalent of what Russia is going through, and it would spell political backlash -- if not worse -- in any language. When Bill Clinton was in Moscow two weeks ago, Boris Yeltsin assured him that free-market reforms would continue in spite of the December elections that boosted extreme nationalists and old communists into parliament as the dominant opposition. But Air Force One was hardly airborne before the Russian government started stepping back from its pledges...
...loudest of Moscow's band of neofascists. But Clinton was more broadly concerned last week with resentment among the Russian people and with whether Yeltsin would have to respond by firing some of the best-known reformers from his Cabinet and by slowing down the transition to a free-market economy...
...Poles, Czechs and Hungarians, have been clamoring for full membership because they perceive a "security vacuum" in the region. They argue in essence that the West is naive to believe the Russians can be anything but imperialists. NATO, they add, owes them protection as they struggle to develop democratic, free-market societies. "There is a firm assumption in American policy that reformers will finally win in Russia," says Henryk Szlajfer of the Polish Institute of International Affairs in Warsaw. "All that is nonsense." Says Jaromir Novotny, chief of foreign relations at the Czech Defense Ministry: "Yeltsin is not a democrat...
...Washington the dominant refrain was to urge the U.S. Administration both to reduce its personal identification with Yeltsin and to broaden its contacts within Russia. And Westerners everywhere read the returns as proof positive that Yeltsin's personal popularity did not translate into broad-based support for Western-style, free-market economy...