Word: growth
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Dates: during 1980-1989
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...more years ago, man joined forces with nature to maintain the prairie ecosystem. "A spark from an Indian campfire or a bolt of lightning, and the prairie was ablaze," says Northeastern Illinois University Biologist Robert Betz. The fires, Betz explains, were a natural part of the system, favoring the growth of deep-rooted species that could easily survive the repeated conflagrations. A startling variety of plants and flowers flourished under these conditions, their roots creating a dense, interlocking mass that reached as far as twelve feet underground. Between blazes, the prairies teemed with quarry for the Plains Indians: bison...
...before considered a strategic centerpiece of the effort to maintain international financial stability. Conable's intention is clearly to change that. In his first official interview last week, he told TIME, "The World Bank is going to be a catalyst. The bank's priority has got to be economic growth, which is the only real way in the long run to reduce poverty...
Spurring such growth is apt to be difficult at a time when the U.S., the World Bank's principal shareholder, is fighting a record budget deficit. Moreover, Conable's activist view is a departure from the laissez-faire climate of Ronald Reagan's Administration. It might have been considered downright heretical until last October, when Treasury Secretary James Baker announced a new official line at a World Bank and International Monetary Fund meeting in Seoul, South Korea...
...debt burden--some $415 billion owed by 56 African, Latin American and Caribbean countries alone--could be reduced through the adoption of tough austerity measures by the debtors under the supervision of the International Monetary Fund. At Seoul the so-called Baker Plan affirmed that longer-term economic growth among the developing countries also had a role to play. To spark that expansion, the Treasury Secretary proposed that the World Bank and other multilateral agencies loan an additional $9 billion to the most highly indebted Third World countries over the next three years...
...current rate of population growth, another three billion people will be living in 35 years, according to the institute's own estimates. It took about two million years for man's population to reach the current five billion figure...