Word: rising
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Although Latin America attracts nowhere near the foreign direct investment (FDI) that Asia or even Eastern Europe does, competitiveness is on the rise among South America's ABC countries--Argentina, Brazil and Chile. Like most other Latin countries, the ABCs were pulled on the economic torture rack during the 20th century between socially negligent capitalism and fiscally profligate populism. But today they lead a potent common market, Mercosur. (Chile is an associate member.) And while each has a leftist President--Chile's Michelle Bachelet is also a socialist--the ABCs are spelling a model, "pragmatic socialism," says Jerry Haar...
...mean democracy isn't desirable," he says. "It just doesn't help economic growth." As countries grow richer, though, many--like Chile, Spain and Greece--adopt democracy. "Democracy," says Sala-i-Martin, "seems to be what economists would call a luxury good." Demand for it increases as incomes rise...
...Rise of an Underdog...
Early Application numbers have risen for schools other than Yale. Georgetown, another school that released early application numbers yesterday, saw a 31-percent increase in early applications university-wide. University of Chicago saw an increase of 42 percent, and th Massachussetts Institute of Technology expects a 10-percent rise...
...that he graduated from Harvard.Penn makes suggestions in every chapter that imply the impact that people emulating each trend could have on economics, politics, and society. However, he provides no plausible substantiation for his claims. In one chapter, “Southpaws Unbound,” Penn describes the rise of left-handers in the United States. He argues that more lefties could mean more self-expression, military innovation, and “better tennis and baseball players,” simply because some prominent individuals have been left-handed. Such statements are far too generalizing, yet indicative...