Word: growth
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...called chlorofluorocarbons, as propellants in aerosol sprays. As industrial chemicals, they were ideal. "The propellants had to be inert," says Chemist Ralph Cicerone, of the National Center for Atmospheric Research. "You didn't want the spray in a can labeled 'blue paint' to come out red. Since then the growth of CFCs has been fabulous, and they've been pretty useful." Indeed, CFCs turned out to be a family of miracle chemicals: produced at a rate of hundreds of thousands of tons yearly, they seemed almost too good to be true...
None of the other NICs has been more successful or volatile than South Korea. The government has directed the growth of such huge industrial conglomerates as Hyundai and Daewoo, which manufacture cars, computers and other high-tech goods. Following the example of the giant Japanese manufacturers, the Korean companies have launched a determined U.S. invasion. Hyundai's subcompact Excel, which reached American shores last year, is the hottest-selling new imported auto in history. This summer, General Motors started selling small Daewoo cars under the Pontiac LeMans nameplate...
...street demonstrations forced Korean President Chun Doo Hwan to speed up the process of democratic reform. Then a series of strikes temporarily shut down virtually all major Korean companies and many minor ones as workers demanded -- and won -- higher wages. Amid the turmoil, the Korean economy has proved resilient; growth for the year is expected...
Hong Kong, which has perhaps the most freewheeling economy in the world, readily lets in imports and ships out exports like stylish clothing just as fast. Despite uncertainty about what will happen to the former British colony when China assumes sovereignty in 1997, business confidence is strong and economic growth is expected to reach 12% this year. Leaving many high-tech fields to the other NICs, Hong Kong is concentrating on being a financial center. Virtually all the world's major banks have offices there. Hong Kong is also developing its role as the gateway to the largest potential market...
...economy passed two impressive milestones last week. First, the nation completed its 58th consecutive month of growth, tying a peacetime record. Then the Government announced that for the first time in this decade the unemployment rate fell below 6%, dipping one-tenth of a percentage point from its August rate, to 5.9%, in September. Most of the employment growth over the past five years has been in services. But the manufacturing sector, recently reinvigorated by rising exports, accounted for fully 40% of the 132,000 new jobs created last month. Said Jerry Jasinowski, chief economist of the National Association...