Word: majority
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Dates: during 1970-1979
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Perkins discussed the recent change in emphasis of Chinese domestic policy from redistribution of income to economic development. The major problem the Chinese face now is keeping agricultural growth in pace with rapid industrial development, he said...
Stating that one of the major barriers to agricultural development is China's "fixed land endowment"--limited amounts of poor land--Perkins said China is more advanced than other underdeveloped countries...
...Things that are major structural problems now could have been averted with routine maintenance," he added...
People are familiar with the circumstances that produce "world food crisis" headlines in the early 1970's: several major crop failures, problems in the Green Revolution, program cutbacks in grain production in the U.S., Canada, and Australia. The U.S. dollar was devalued, causing increased demand for exports of feed grains and soybean meal. OPEC was formed, oil prices tripled, and fertilizer prices went up. The American consumer felt the pinch. Food costs more...
...picket lines are set up at any major oil depots the oil may not be delivered," the official said...