Word: moynihan
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When Daniel Patrick Moynihan was named the new American Ambassador to the U.N. three months ago, some diplomats braced themselves for the arrival of a real ogre. It was Moynihan, after all, who, having just wound up a two-year tour as U.S. Ambassador to India, wrote a controversial article urging the U.S. to quit kowtowing to the Third World. Instead of apologizing for America's "imperfect democracy," he said, the U.S. should take a tough stand toward the new nations, especially their tendency to band together with the Communist countries in anti-Western positions...
...city in the United States to realize the absurdity of President Ford's remarks made earlier this year that the urban crisis of the 1960s is over. Similarly, a few years back, when the need for massive welfare programs to the urban poor was so obvious, Daniel P. Moynihan presented and the Nixon administration later championed the doctrine of "benign neglect" towards blacks...
Largely because the colonial powers were capitalist, many peoples of the Third World harbor bitter resentments against capitalism and have chosen socialism for their economies. In quite a few cases, this has retarded their development. For example, Daniel P. Moynihan, former U.S. Ambassador to India, points out that in 1947, the year of its independence, socialist-leaning India produced 1.2 million tons of steel, or slightly more than Japan. In 1973, capitalist Japan poured 119 million tons of steel?or more than 17 times India...
...special set of problems is, however, presented by the growth of multinational corporations, which now account for most of the global exchange of goods, services and investments. The multinational, as Moynihan says, "is arguably the most creative international institution of the 20th century." Multinationals have brought to many countries jobs, modern goods, common-stock ownership and the most advanced technologies and management skills. But multinationals also have a unique freedom to escape from any country's regulation...
...perceived differently. And the ability of the command economy to centralize power has an irresistible appeal for otherwise shaky leaders of developing nations. As Moynihan observes, many of the developing nations have an "interest in deprecating the economic achievements of capitalism, since none of their own managed economies are doing well...