Word: retailing
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Dates: during 1990-1999
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...much greater," says Richard Armitage, who has been put in charge of American assistance to the former Soviet Union. Russia needs help in creating and solidifying the institutions essential to a stable democracy, from functioning financial operations to an independent judiciary, a coherent parliamentary system and wholesale and retail markets. Virtually none of these pillars of the Western life-style exist in Russia; reformers are starting from scratch...
East Cambridge is a mixed-use area which has also undergone residential and retail development, Casey says...
...CambridgeSide Galleria, which opened in September 1990, has answered a need for retail facilities in the area, according to Casey...
Cambridge resident John H. O'Neal used to earn $700 to $800 per week as a retail auto dealer...
...harsh truth, these economists say, is that the ruble cannot become stable without an overhaul of the economy far more thorough than what Yeltsin seems willing to risk. With 90% of Russia's production, distribution and retail outlets still in the inefficient hands of the state, they contend, supply cannot rise enough to slow inflation and restore long-term value to the ruble. "This amounts to trying to square the circle," says economist Nicholas Eberstadt, a Harvard research fellow. "The first step should be to privatize the factors of production." Adds Francis Scotland, managing director of the Investment Bank Credit...