Word: growths
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Dates: during 1970-1979
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...Economist Otto Eckstein sees a different and more beneficial effect?"a rapid growth in the private sector and a decline in the public sector." He adds: "The results are good in terms of changing things around. The voters in California have slowed down the growth of government. This will force the public sector to become more efficient, which is hard...
...amending their constitutions. This drive has been successful in Tennessee, where 65% of the voters approved it last March. Once the dust settles, if it does, from Proposition 13, the Tax-Limitation Committee will introduce an amendment in the California legislature aimed at tying state spending increases to the growth in average personal income. "We are not quixotic," contends Sacramento Lawyer Lewis Uhler, president of the committee. "We see overall tax limitation as the power of the people to shape our society and our destiny. This is going to be a long, tough, no-nonsense battle...
Government leaders and a few private businessmen in the industrial lands are beginning to recognize that growth in the LDCs offers a way out of this box. Economic advance in the poor countries, so goes the argument, would open markets for steel, chemicals and other products now glutting the North, increase production and employment in the U.S., Europe and Japan-and do all that at little inflationary price...
...industrializing LDCs that are competing effectively with Northern factories in such products as clothing and shoes, he asserts, buy more from the rich nations than they sell to them. He endorses much more aid to LDCs because he considers them to be potentially "important engines of less inflationary growth for the developed countries...
...often forgotten that the Marshall Plan involved far more than the mere ladling out of money: it committed the U.S. to aid countries that drew up detailed and effective plans to use the cash and goods for rebuilding. This coordinated planning is vital-especially since the task of promoting growth in the poor countries will be much harder than the reconstruction of Europe was; postwar Europe had the skilled work force and industrial base that LDCs lack. A new Marshall Plan ought to commit the U.S., Europe and Japan not only to give more, but to give more according...