Word: free-market
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Gorbachev is moving too cautiously to a free-market system. TIME gives a prescription for action. Bond wizard Michael Milken cops a plea, but he's getting off light...
...conditions and an annual per capita income of less than $200, far below that of South Vietnam in 1975. Last year 75,000 boat people set sail for the refugee camps of Hong Kong and Southeast Asia, attempting to escape not so much an oppressive regime as grinding poverty. Free-market economic reforms begun in 1986 have sparked a revival in the cities, but they have yet to improve living standards in the countryside, where 80% of Vietnam's 65 million people still live...
...offering dollars, scholars and the promise of lucrative research contracts to help bolster the East bloc's fledgling reform efforts. In January the American Federation of Teachers unveiled a project to help East European educators learn how to instill democratic principles in their schools. Hungarians got a taste of free-market theory last fall, when the International Management Center in Budapest, in conjunction with the University of Pittsburgh, became the bloc's first business school to offer an American M.B.A...
Kemp, a fervent intellectual, has dubbed his ideology "progressive conservatism," Beware, this is no oxymoron. Kemp wants to tackle traditionally Democratic issues by applying free-market principles and the human spirit of enterprise...
...unwanted West German economic anschluss with East Germany. "The process of developing our own character won't be advanced by flying in experts with their own agendas," says Wolfgang Templin, a member of the parliament from the leftist, ecology- minded Initiative for Peace and Human Rights. To develop a free-market economy, Templin and other critics maintain, East Germany does not have to ape the economy of West Germany. But that is precisely what East Germans voted for overwhelmingly last month, Pieroth responds. Says he: "We can't dictate to the East things that we think should be different...