Word: sectoral
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Dates: during 1970-1979
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...week, to disclose his anti-inflation program. As previously reported (TIME, April 18), it will rely chiefly on voluntary restraint by labor and management to keep prices down. At Carter's invitation, AFL-CIO President George Meany and General Electric Chairman Reginald Jones will help coordinate the private sector's antiinflation efforts. For its part, the Government will try to balance the budget by 1981, hold down unnecessary spending, moderate fluctuations in food supplies and other basic commodities, and slow increases in hospital costs...
Videla is determined to wrestle down the unions' "political power and abnormal privileges." Toward that goal, Martinez de Hoz is trying to prune the mammoth state-run industrial sector, a Perón-era albatross that produces less than 10% of Argentina's G.N.P.-and much of the government's debts and deficits. State enterprises employ an estimated 300,000 unnecessary workers. But the Economy Minister's plans to cut bloated staff and sell losing businesses to private firms have run into strong union opposition. When Videla raised the work week of Buenos Aires' huge...
...nearly as possible, how much future programs will cost, and how the financing should be divided among federal, state and local governments, and the private sector...
...designed to restrict, though not discourage, foreign investment. Echeverria's rhetoric became much more specific: a militant anti-American position in order to gain economic and political independence. Internally, Echeverria managed to alienate the powerful industrial group of Monterrey and, to a large extent, antagonize the private sector as a whole. He drained the treasury to carry out lavish and ill-timed industrial projects in a country that sorely needed to spend its resources only on necessary things such as social development. He toured the world in search of Third World solidarity and to satisfy his personal messianic ambitions while...
Perhaps the bill's most glaring shortcoming is that it reaches such a limited segment of the labor force-essentially only the low-paid, semiskilled workers now employed mostly in the service industries, the least productive sector of the economy. Assistant Treasury Secretary Larry Woodworth estimated that 66% of the labor force would be left...