Word: sectoral
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Dates: during 1970-1979
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...damaging impact of militarism in the domestic sector is compounded by the fact that military spending industries are capital-intensive; military spending therefore creates fewer jobs than an equal amount of spending in the civilian sector. Additionally, armaments production is disproportionately high-skilled. Consequently, while a defense contract can in the short run boost a sagging local economy, in the long run it exacerbates both inflation and unemployment...
...deliberately vague. In the recent talks, the Communists demanded the takeover of 729 companies, while the Socialists insisted that no more than 227 be nationalized. The impasse on numbers reflected a serious ideological gap: the Socialists and the Radicals want to preserve a mixed economy, with a significant private sector. The Communists seem determined to establish a collectivized society...
...Lebanese ports of Tyre and Sidon to cut off supplies for the Palestinians. Under protection of Israeli artillery, Defense Minister Ezer Weizman even toured the area in an unmarked automobile, accompanied by Chief of Staff Mordecai Gur and Major General Yanush Ben-Gal, commander of Israel's northern sector...
...firms have invested heavily in manufacturing in South Africa, a sector they have avoided elsewhere in Africa. Seventy-five per cent of U.S. investment in African manufacturing is concentrated in South Africa. Under pressure from the white minority regime, U.S. firms have introduced advanced technologies and helped set up basic industry in South Africa, although they refuse to do the same elsewhere on the continent. Often they work in partnership with South African state and private companies...
...encourage them to work (TIME, Aug. 15). By offering cash grants to the so-called working poor, it encourages underclass fathers to stay in the home instead of leaving so that their families can collect welfare. The plan offers tax incentives for those who find jobs in the private sector instead of public service. For those who cannot, it proposes to create 1.4 million positions in training programs and in service jobs such as assisting teachers, providing child care, controlling rats and escorting the aged in high-crime areas. In all, the tax incentives and jobs provisions would cost...