Word: progressives
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Dates: during 1950-1959
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...through this kind of give and take that the haves and have-nots would understand and meet the problems of progress, said World Bank President Eugene Black, in a cards-on-the-table keynote speech, for they can not be solved by dogma. Said he: "I am as impatient with those theologians of capitalism who preach that private capital can meet all the world's development needs as I am with those theologians of socialism who preach that only state enterprise can satisfy demands...
...black-tied delegates who live by business and were resigned to political oratory, Nixon's brass-tacks address at the main banquet of the conference was a rare surprise. Said Nixon: "The private initiative, the private responsibility and private capital which you represent are the motors of economic progress. The economic growth which you generate is vital to the future of the whole free world. In many nations, the pattern of economic development is being shaped for a century ahead. If this pattern is statist, then human freedom will be the loser...
...support the extra population these countries are least able to afford, they are forced to consume less and produce more, and are falling ever lower in living standards. Said Dr. A. Eugene Staley, Stanford Research Institute's senior international economist: "Despite all the vaunted technological and economic progress of modern times, there are probably more poverty-stricken people in the world today than there were 50 years...
...village bicycle salesman: "The villagers are getting lazy. They don't want to walk any more; they want bicycles." While modern communications have whetted consumer appetites in Pakistan as in Peoria, the danger is that nations whose production continues to lag far behind their hopes of material progress will resort to political extremes that will plunge them deeper into want...
...other hand, Chile saves only 8%, the Philippines 7%, Indonesia 5%, and many other underdeveloped countries even less. A rule of thumb is that any country with a rising population must save at least 10% of its current production for investment if it hopes to make progress in raising the living standard of its people. If a nation saves from 10% to 15%, it can expand rapidly...