Word: model
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Dates: during 2000-2009
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...where the government owns or controls large swaths of the economy, as superior to their laissez-faire counterparts. Columnist Joshua Kurlantzick wrote that these countries "have proven so successful that even before the crisis they caused world leaders to wonder if democratic capitalism might not be the best economic model after all." Americans, some contend, are only now waking up to the inherent dangers of the free market. As one Chinese blogger recently wrote: "The U.S. has realized the mistakes they made, and is learning from China's socialist experience in earnest." (See pictures of the global financial crisis...
...practically a dirty phrase. One historian said those who believed in free enterprise were "a defeated party." With memories of the massive unemployment of the Great Depression still fresh, and the need to rebuild from the devastating war all-important, Europe moved toward a state-heavy "mixed" economic model. In the U.K., government leaders nationalized key industries and introduced national health care and other "welfare-state" programs. The "mixed" economy performed well for a while, but by the 1970s it had run into a wall. State-owned firms drained the national budget while inflation soared. In came Margaret Thatcher...
...citizens." This view evaporated as well, once Japan's economy stumbled in the 1990s. It became clear that government had contributed to the country's problems by messing around with market forces. "The debate that's been settled is the one over the superiority of the Japanese model of bureaucratic-led economic growth," wrote a columnist in The Wall Street Journal. "The bureaucrats lost...
Recognizing that women were being denied the right to a fair trial, she said she looked to international human rights standards as a model for her legal strategy and then scoured Nigerian and Islamic law for similar statues in order to secure due process and avoid execution by stoning for women accused of adultery...
...changes in technology have revolutionized student life, but the Houses have remained relatively static.Storus said that simply placing an Eliot House look-a-like across the River would be “intellectually dishonest.” “Would Ford produce a car that looked like the Model T now?” Storus jokingly questioned.“These buildings look the way they do because they have embedded in them a political structure, a social structure, and also a technological structure,” he said.Storus said that he and his partners on the project...