Word: marketization
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Dates: during 1990-1999
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...result is an industry that deviates from the typical free market, filled with middlemen who lack incentive to lower prices, maintained by a group of student consumers held captive to their syllabi...
...university, Cornell, is using technology to restructure the market, but it's a radical step initiated by an administration committed to saving students money...
...such concerns aren't slowing the sales of Prozac to the prepubescent--and for a child spiraling into depression, they probably shouldn't. Meanwhile, Prozac's manufacturer, Eli Lilly, is conducting clinical studies in the under-18 age group, and may have just the product for this booming new market: liquid Prozac flavored a tasty peppermint...
...this the way Redmond's market dominance ends--not with an antitrust bang but a contractually negligent whimper? Such an outcome would be favorable to the start-ups of Silicon Valley, where the specter of federal regulation is just as terrible as that of Microsoft. "This is more important than the antitrust case," says Mark Radcliffe, a Palo Alto, Calif., attorney for tech firms. "People are looking for something that doesn't have the taint of government intrusion, and this plays on their desire to let technology solve the problem...
...German firms have long been woefully under-represented in cross-border holdings," he says. "But thanks to the German stock market, these companies have a lot of money to spend." German banks were raised on low-excitement commercial loans -- now they want a piece of the sexy securities loot, and that's where BankersTrust came in. It's not world domination, it's just the global economy...