Word: globality
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Dates: during 1990-1999
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...currency can't come under attack by evil foreign speculators, and that frees the safely walled-in government to take a deep breath, lower its internal interest rates, and pull itself out of recession by stimulating domestic growth -? without subjecting its every move to the brutish vagaries of the global marketplace...
...exporters as well as Malaysians who travel abroad, it also means regulatory headaches for the governments of neighboring countries. Currency controls have traditionally resulted in stagnation and recession, and tend to move countries farther away from the reforms they will eventually need to prosper in today?s unforgiving global economy...
Talk about a baby boom. If you thought the postwar bulge of births was big in the West, just wait till it goes global. According to a report released Wednesday by the United Nations Population Fund, a higher proportion of the planet is entering its child-bearing years than ever before: One billion young people between the ages of 15 and 24. The most immediate result? "Millions of additional unintended or unwanted pregnancies... tens of thousands of additional maternal deaths, and at least a million more infant and child deaths," says a gloomy...
...once the new boomer generation gets going, the effects may be more positive. Developing nations, where about 90 percent of this growth will take place, get a "demographic bonus" -- that is, there will be more working people than retirees and children combined. As long as the global economy can give them jobs, the neo-boomers mean a windfall in taxes and social security for their home countries. And the ever-older U.S. can only look on in envy...
...vigorous, engaged America at this moment, which will not last forever, when we are the dominant power in the world," he said. "We should use this opportunity to put America at the center of all the emerging trade networks of the world, both for our national security, our global position and our economic health...