Word: free-market
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...cold war is over and the West has won, but the victory will seem hollow if the peace is lost. The fulfillment of the policy course set in the 1940s arrives not when Russia is on the brink of collapse, but when it enters the community of democratic free-market nations. The communist system has been defeated, but that is no guarantee that Russia will become a lot more liberal and a lot more democratic than it has ever been in its thousand years of history. Which is where the West must come in. The timing may not be ideal...
...enjoyed since the 1920s -- Moscow wants the seven industrial powers to put up $5 billion. This fund would, in theory, stabilize the currency by being available to support it at a single, reasonable exchange rate; Gaidar hopes for about 50 to the dollar compared with the current free-market rate of 170. If the fund works properly, it should not have to be spent...
...Financial aid to Warsaw Pact nations calibrated to their willingness to protect human rights and undertake political and free-market reforms...
...countries of the northern tier, the biggest problem is time. Many analysts point out that the capitalist economies of the West grew organically over centuries. It was totally unrealistic for anyone to expect that Eastern Europe could demolish the communist system and build free-market democracies in two -- or even 10 -- years. Yet many people in Eastern Europe thought that by getting rid of the stagnant and oppressive communist system, they could enjoy Western prosperity overnight, and their governments failed to disabuse them of that idea...
Klaus' Civic Democratic Party is favored to win parliamentary elections this June, enabling him to continue the free-market drive. But the pain of transition has been felt most deeply in Slovakia, which is highly dependent on state-owned heavy industry. That has intensified Slovak demands for more autonomy or even independence. The government might be able to continue shock treatment only at the price of splitting the country...