Word: sectoral
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Dates: during 1970-1979
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...says its top priorities will be 1) a new constitution approved by all the parties, 2) economic and tax reforms,3) measures for regional autonomy and4) administrative reforms, such as decentralization and a streamlined bureaucracy. The U.C.D. favors the present mixed economy (with a sizable public sector), extension of social security benefits to all, and free trade unions...
...machine get attention right now is dear to his engineer's head and heart. Charles Kirbo, Carter's friend and counselor, who sits in on many of those White House meetings, says Carter's first instinct is to see if there is some way the private sector can help solve problems. "That was what he always did as Governor," insists Kirbo. In Carter's musings with people like Pollster Pat Caddell, his commitment to sound dollars often crops up. "We've got this freak inflation," said Caddell last week. "It hurts the poor...
Carter's chief economic adviser, Charles Schultze, a longtime liberal, detailed the case for restraint. Pinning his projections mainly on expansion in that old Republican ward, the private sector, Schultze projected economic growth totaling 22% over a five-year period, creating 9.7 million jobs and reducing unemployment from its current level of 7% to 4.3% by 1981. At the same time, the inflation rate (now above 6%) would be pared to just over 4%. Growth alone, said Schultze, would allow Carter to balance the budget, but federal spending could not be permitted to increase much more than...
Because of their imprecise nature, estimates of oil resources tend to gyrate wildly. At first, the oil reservoirs under the British sector of the North Sea were estimated to be 15 billion bbl. Now they are regarded to be at least 33.75 billion bbl.-and the figure is climbing. Proven oil reserves in Mexico and the waters off its coast have been revised from 7 billion bbl. to about 11 billion bbl. Still, the established fields remain the citadels of proven resources (see map): the Middle East (with 368 billion bbl.), followed by the Soviet Union (78 billion bbl.), Africa...
...Prime Minister clung desperately to power last week, firmly convinced that his own time to fade had not yet come. But Bhutto's troubled and unhappy nation was plunged into its worst political crisis since the 1971 civil war, which ended in the breakaway of its eastern sector to become the independent country of Bangladesh...