Word: important
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...charged with stealing weapons from French barracks for the rebels. At the time, nationalism was beginning to be a potent force in Southeast Asia, spurred by the generally oppressive colonial rule of the French, British and Dutch. Ironically, nationalism was less a local product than a European import. As Gunnar Myrdal pointed out in Asian Drama: "It was with the intellectual weapons forged in Europe, where liberalism had become the middle-class ideology, that the liberation movements rose in South Asia and fought their way to a vision, and later the realization, of full independence...
...embarked upon collectivization, this time calling the units "cooperatives." Today 93% of North Vietnamese peasants are enrolled in them. Productivity has not been helped. Last year North Viet Nam was forced to import 750,000 tons of wheat from Russia to make up for rice shortages...
American television networks seem to assume that their entire audience is below the age of consent. Thus the new season's most sophisticated entertainment may well be a British import drama rerun by NBC this Thursday, Male of the Species. First aired in the U.S. last January, the work is a dazzling, 90-minute model of urbanity...
...French officials well know, devaluation by itself is not enough to restore a country to financial health. By temporarily lowering export prices and raising import prices, a devaluation only gives a country time to overcome the economic weaknesses that undermined its currency. The benefits of devaluation can easily be wiped out by further inflation. If French price increases continue at their current pace of 6.5% yearly, the gains of franc devaluation will be gone in less than two years. In fact, devaluation itself has a tendency to accelerate inflation, because the automatic increases that it brings in the prices...
...their periodic meetings. The U.S. will be represented by the State Department's William Rogers, Commerce's Maurice Stans and Agriculture's Clifford Hardin, as well as Paul McCracken, the President's chief economic adviser. They will urge their Japanese counterparts to start removing import quotas on 120 products, and move faster in approving requests from U.S. companies that want to set up joint ventures in Japan to build cars, electronic components and other high-technology products. Relations between the U.S. and Japan are becoming steadily closer-and closeness creates friction...