Word: marketization
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Dates: during 1990-1999
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...earliest admirers was Ronald Reagan, who achieved power 18 months after she did. He too began to reverse the Ratchet Effect in the U.S. by effective deregulation, tax cutting and opening up wider market opportunities for free enterprise. Reagan liked to listen to Thatcher's various lectures on the virtues of the market or the minimal state. "I'll remember that, Margaret," he said. She listened carefully to his jokes, tried to get the point and laughed in the right places...
From her field office in the town of Alto Paraiso, 150 miles north of Brasilia, Mitraud bears a message to locals that is a delicate mix of dire warnings and creative alternatives. Unless you take steps now, she says--use natural fertilizers, market the cerrado's evergreen flowers and fruits, or turn county-size chunks of the region into nature parks for tourists--your children will inherit a wasteland. The message seems to be getting through: in and around Alto Paraiso, a fourth of the residents live off enterprises that don't involve trashing the land...
...though it's one of the world's largest and most vibrant economies. Yan hopes to change that with a very 21st century business plan. He wants to build a pan-China corporation--Richina stands for "Rich China"--but not by hiding behind tariffs and protectionism. China is his market and the font of business opportunities; the rest of the world will deliver finance, technology, professional expertise, the copy printed in his computer magazines, and even tax shelter. (Richina is incorporated in the British Virgin Islands.) "I would never say this to friends," he says with uncommon modesty...
What comes to mind when an Islamic fundamentalist turns up in the news? Egyptian soldiers assassinating Anwar Sadat? A Palestinian suicide bomber blowing up an Israeli market? In an age when Islamic fundamentalism has become a cliche associated with gruesome acts of terrorism, one image that usually does not spring up is that of a Muslim activist like Mohammed Abdul Koddus...
...stock-market crash leads to a worldwide economic crisis...