Word: hula
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Dates: during 1980-1989
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...idea of either industrialization or a new industrial policy infuriates some observers. Says Yale Professor William Nordhaus, a former member of President Carter's Council of Economic Advisers: "Reindustrialization is a Hula Hoop. On a deeper level, it is a pernicious idea that basically calls for re-enforcing sick indus tries." Charles Willson, vice president for area development at Chicago's Continen tal Bank, says that Government-sponsored cures "don't address the question of capital formation in a really productive...