Word: often
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Dates: during 1950-1959
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CAPITALISM, often misinterpreted, often misunderstood, took on new dimensions in San Francisco last week. Recognizing the competitive challenge to free enterprise in a world clamoring for swift material progress, 551 bankers, government officials and business leaders from 62 nations gathered for the first such meeting to assess the vast needs and soaring hopes of the free world. The occasion: a week-long International Industrial Development Conference sponsored by TIME-LIFE International and Stanford Research Institute. The conference theme: Investment−Key to Industrial Development...
...agreement between the businessmen of the highly industrialized and the underdeveloped nations of the world are far greater than the more publicized disagreements. By the time they headed back across the world, they had generated new enthusiasm for the task of raising living standards everywhere, a task that often has seemed to defy the free world's resources. As El Salvador's Francisco de Sola told fellow conferees: "This is no time for people with weak hearts...
...Francisco conference traced the irresistible upsurge of world population and the revolution of rising expectations that has grown from its hunger for a better life (see The Population Explosion). Even for the massive reservoirs of entrepreneurial brains and money represented on Nob Hill, the immensity of the opportunity often paled beside the complexity of the challenge...
...barriers in the way of foreign investment in the world's underdeveloped countries is not to be found in the tariff regulations or the laws governing the convertibility of currency. It exists instead in the minds and emotions of those who need foreign investment most. But because they often tend to equate it with 19th century-style colonialism, they are reluctant to accept...
...demands that one should catch up, if not with the prosperity of the U.S. or Canada, at least with that of France or Italy. The Asian intellectual casts his eyes around for some method by which his country can pull itself up almost overnight by its bootstraps. Only too often, Communism is not to him the brave new world that the Western Utopians saw in the '30s, but a practical expedient by means of which a poor nation can ruthlessly mobilize its manpower and resources so as to attain economic strength, military power and, consequently, the esteem...