Word: model
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Dates: during 2000-2009
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...With only a part-time job - she visits office-supply stores and makes sure that the floor-model printers have enough paper and ink for demonstrations - Stevens found she could pay for food and utilities, or she could pay the mortgage. Not both. After she fell four months behind on her payments, the bank moved to foreclose. Stevens briefly considered letting the bank have the house, but her oldest daughter, Maggie, 28, has a new baby and is enrolled in nursing school. "I just have to get her through that," Stevens explained. So after several sleepless nights, she decided...
Though Sweden is, of course, an attractive model, we must remember that it was successful because the banks were successfully reprivatized. We must make sure that, if we do nationalize the banks, we minimize the barriers for the private sector to buy healthy bank assets in the future. Also, we must limit this approach to the banking sector. Not all companies should receive this special treatment—in the automotive sector, for instance, we must strongly consider allowing firms to fail if they cannot compete in the open market...
...potential retrenchment of spending has taken place, even after the dramatic decline at the end of 2008. "The imbalance that contributed to the crisis - overconsumption and excessive savings - cannot continue," says Ajay Chhibber, director of the Asia bureau at the United Nations Development Program in New York City. "The model where you stimulate and [then] go back to the old days is gone...
...second layer of diversification requires reducing overall dependence on trade by promoting domestic consumption and expanding service sectors. Park Chung Hee's growth model discouraged investment in domestically focused sectors and consumer spending - both of which could provide a cushion to Asian economies in global downturns. Vestiges of his biases remain, to the detriment of the South Korean economy. For example, South Korea hasn't developed the kind of social services, such as day-care centers for the children of working parents and homes for the elderly, that would relieve some of the financial burdens on working-class families...
...There are also some specific lessons from our experience. In many of the situations where you need to bring leaders to account, [you can apply the Sierra Leonean model of] a hybridized court, where you obtain local and international support to bring people to justice and call their bluff. The International Criminal Court is often told, "You are just prosecuting cases in Africa. You are biased against Africa." The answer, I think, is a hybrid model able to deliver the kind of cooperation that an international court sitting outside the region with an exclusively U.N. staff cannot...