Word: outflows
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Dates: during 1980-1989
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Manley's greatest hypocrisy is to blame the outflow of capital, a situation which both foreign and domestic sources created. Elected on a platform decrying the evils of foreign capital, Manley was practically inviting foreign capital to leave. And his close relationship with the staunchly anticapitalist Cuba did not encourage foreign investors. Manley has so frightened Jamaican businessmen that they, too, have transferred their holdings abroad. For Manley to blam the outflow of capital which he instigated for his country's economic woes is simply a fraud...
...Western Europe, in contrast with the U.S., there is generally a better realization of the tremendous changes in world economics that have been brought about by the nearly twentyfold increase in oil prices since 1972. European governments and citizens both accept the fact that the vast outflow of money to pay for staggering oil bills means that living standards cannot grow as fast as they have for the past generation. Workers cannot receive real wage increases without productivity gains, consumers cannot buy as much, and governments cannot spend money on social programs unless they have the tax revenues...
...months an opportunity to earn a rate of return more or less equal to the money market funds. The new superrate was keyed to the interest that the U.S. Treasury must pay for its weekly sales of six-month bills to finance federal debt. This has helped slow the outflow of deposits, but in the process has forced up the cost of depositor funds to higher levels than ever...