Word: labors
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Dates: during 2000-2009
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...recent days, stems from government plans to raise the retirement age for public-sector employees such as rail and utility workers. That's something successive governments have attempted repeatedly since the '80s, only to be thwarted by union-led opposition. Sarkozy's determination to storm the one bastion labor has successfully defended from creeping reform reflects his electoral promise to "rupture" with France's musty status quo. By launching that assault just six months into his five-year term, Sarkozy grasps how vital a victory in reforming public-sector pensions is to enabling the rest of his modernization program...
Chile, meanwhile, seems to be doing everything right. Though it is small (pop. 16 million), its GDP is $145 billion, one of Latin America's highest per capita, and is expected to grow more than 5% this year with little inflation (though recent labor and student protests indicate Chileans want a larger slice of that wealth). Its size precludes large-scale manufacturing, so it heavily promotes value-added industries for its myriad commodities, like copper and timber. Compañía Sud Americana de Vapores, Latin America's largest maritime-transport concern, reflects how Chile has turned itself from a hemispheric...
...term economic growth and an ever higher standard of living while others don't? What determines whether people in your part of the planet live in McMansions, mobile homes or mud huts? In the 18th century, proto-economist Adam Smith pointed to the transformative effect of the division of labor. In the 19th, David Ricardo highlighted the benefits of trade. In the 20th, Harvard University's Michael Porter made the case for industry clusters. Geography, physical capital, technology, worker education--they've all taken a turn as the supposed silver bullet...
...Claus Hjort Fredriksen, also a former advocate of big cutbacks in the welfare state: "I have to admit now, 15 to 20 years later, that the model we have found here--free education, free health care, a good financial situation if you lose your job, together with a flexible labor market and the size of Danish companies--somehow has struck something that is the answer to the challenges of globalization...
...whom all but 478,000 are of Danish ancestry--are crucial to how the economy works. "We've been one small nation for 1,000 years," says Hans Skov Christensen, who as director general of the Confederation of Danish Industries negotiates the nationwide bargaining agreements between management and labor every few years. "We're basically a clan...