Word: moneyed
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Dates: during 1980-1989
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...curtail imports, stimulate exports and cancel subsidies. But critics say his efforts are still insufficient to halt Peru's downward slide. And Garcia refuses to make any deal with international banks that would require the country to pay more on its debt than it would receive in new money. "It's not that Peru is refusing to pay," says Garcia. "But we are going to negotiate in such a way that the flow is positive or equal...
...least 2,500 citizens to survive. The shrinkage of America's small towns will only accelerate as young people continue to leave to find better jobs, even though some retirees have migrated from the big cities to rural areas in search of peace and quiet. Although their money is welcome, older people often fail to see the need for economic development, particularly if it means higher taxes...
...saving small-town America worth the expenditure of more state and federal money? As U.S. cities face deeper problems, ranging from grime to gridlock, the rural option could become more important, or at least more appealing. In a recent USA Today poll, 39% of the people surveyed said they would prefer to live in a small town. (According to U.S. Census figures, less than 24% of the population dwells in rural areas, compared with 44% in 1950.) At the very least, says former Agriculture Secretary Bob Bergland, "it would be unwise for U.S. public policy to force people to leave...
...global economy. Economist Robert Reich of Harvard University believes that rural America must shift its dependence from production of low-value, high-volume products like grain and simple manufactured goods to high-tech manufacturing and services. To make that transition, business and government would have to pump more money into rural schools, hospitals, roads and other infrastructure. Says Van Hook: "We have to make some investments in rural America...
Telemarketing would not be the complete answer for small towns, because it generally offers mostly minimum-wage jobs. Several studies have found that the full blossoming of a high-tech economy comes only after it receives a heavy dose of defense contracts. The bulk of that money currently goes to the country's heavily populated coastal regions, which have the most congressional representation. Says Tom Daniels, associate professor of regional and community planning at Kansas State: "Look where all the defense dollars are going, and you can see we are creating a bicoastal economy...