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This is not to argue against growth or a stagnating economy, and no, it is not to advocate communism. Instead, it is to remind ourselves why we seek growth in the first placeā€”to better our lives. The Nobel Prize-winning Harvard economist and moral philosopher Amartya Sen believes that we should replace our current definition of living standard based on income, with a living standard based on the freedom or capability to live a decent life, such as the freedom to own a home, raise a child, and to be educated. Such a change would be drastic...

Author: By Michael Y. Lee, | Title: The Politics of Economics | 3/12/2002 | See Source »

...modern Russia, allegations like those exchanged last week are intended as warnings. Each side is signaling a willingness to use the compromising material at its disposal. Why Berezovsky has chosen this particular moment to launch his attack is still a mystery: he may have felt the need to remind Moscow of his presence, or he may be responding to some perceived but as yet unpublished threat from the Putin administration. In any case, his message is clear to those in the know: Keep up the pressure, and my memory will become less selective...

Author: /time Magazine | Title: Explosive Allegations | 3/11/2002 | See Source »

...Remind the rest of the world it's a temporary plan. Send U.S. trade rep Robert Zoellick door-to-door to Europe, Russia, China and the Pacific Rim, pointing up the three-year term of the program, the review planned for the 18-month mark - and the fact that the tariffs decline each year over the life of the plan. Tell the EU to go ahead and take their beef to the WTO if they want - even the smallest cases take a year and enforcing them takes two - and to be patient...

Author: /time Magazine | Title: How Bush Can Get Right on Steel | 3/7/2002 | See Source »

...exemptions as an incentive to the victims. Have Zoellick remind complaining nations that he and Bush are still for free trade in the long term, despite the administration's pressing domestic political concerns. And tell them what they can do to soften Bush's heart...

Author: /time Magazine | Title: How Bush Can Get Right on Steel | 3/7/2002 | See Source »

...Remind grousing Brazil that they've been allotted a generous 52 percent of the 5.4-million-ton slab-steel quota. And if they want to be treated like exempted NAFTA members Mexico and Canada, well, the Free Trade Association of the Americas (FTAA) negotiations - a Western Hemisphere version of NAFTA - kick off in 2005, which just happens to be three years away. Remind the Russians that they've been allotted 25 percent of that same slab-steel quota, and that if they want to be treated even better, like special-exemption Turkey, they could always be more helpful...

Author: /time Magazine | Title: How Bush Can Get Right on Steel | 3/7/2002 | See Source »

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