Word: oecd
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Dates: during 1990-1999
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...dramatic reforms have helped spark recovery sooner than most experts expected. The government predicts that growth in South Korea will bounce back to an annual rate of 2% by the second half of this year; by contrast, the economy shrank 5.9% in 1998. "There is no country in the OECD that has made such rapid changes," says Donald Johnston, secretary-general of the Organization for Economic Cooperation and Development. "Historians may look back and say this crisis has left a healthy legacy...
...nations agreed to outlaw the bribery of foreign officials. This is the most important anti-corruption initiative yet that is directed at the supply side of corruption, said Fritz Heiman, counselor to the General Electric Company. These nations, all part of the Organization for Economic Cooperation and Development (OECD), agreed to set guidelines for what is acceptable and not acceptable in bribing foreign officials to receive government contracts...
CREDIT: [TMFONT 1 d #666666 d {Source: OECD}]TIME Chart by Joe Lertola...
Worldwide, the recession continues. Unemployment in Western Europe is expected to rise to a postwar high next year, according to the Organization for Economic Cooperation and Development. The OECD predicted an unemployment figure of 11.4% this year...
CREDIT: TIME Graphic. [TMFONT 1 d #666666 d {Source: OECD}]CAPTION: REAL FAMILY VALUES