Word: sectoral
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Dates: during 1970-1979
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Avoiding Disaster. Although the details were still obscured by censorship, the bridgehead made by an Israeli armored force across the southern sector of the canal may rank as the most brilliant military feat in the country's short but tempestuous history. In the end, Egypt may well have agreed to a ceasefire because it realized that to continue fighting would lead to another disaster...
...Berkeley the university is well-integrated with the community. A large black population, about 35 per cent of the total, has interests similar to those of the left-liberal student sector. Opposition to a hard-line police department and support for low-income housing and rent controls provided a common cause for Berkeley students and black residents. The rest of the population, consisting largely of middle- and upper-middle-class whites with ties to the university, is traditionally liberal and therefore sympathetic to student opinions...
Then the Israelis struck back, in the central sector of the front along the eastern bank. Jets screeched overhead, and the eerie white tracks of ground-to-air missiles marked the bright autumn sky. Hundreds of M-60 Patton tanks moved through the golden dunes and barren hills of the Sinai, throwing up huge rooster tails of swirling sand...
When we returned for a second look at the Sinai, the Israelis had gone on the offensive and some of their units had even crossed the canal. In the southern sector they had already regained considerable territory occupied by Egyptian troops and we drove to within a few miles of the canal in two places. Everywhere the Israeli troops displayed ebullient confidence. "Yes, there are a few Egyptians left down there," said one trooper. "But they won't be there long. It will end for all of us very soon...
Though such direct involvement in public issues is unusual for an academic economist, it flows quite naturally from Leontief's most important achievement: the development of "input-output" analysis. Leontiefs big contribution was devising the formulas through which economists can determine with great precision how changes in one sector of the economy (inputs) will affect the performance of other sectors (outputs). Building on his pioneering work, Government economists now compile a huge statistical grid showing how much each economic sector buys and sells from every other major sector. Using the chart, they can, for example, calculate how much...