Word: sectoral
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...their allies carved it up among themselves during World War II. Yugoslavia was resurrected again after the war by Josip Broz Tito - a Croat - who used communism and his charismatic personality to glue it back together. It was the most liberal of all communist countries, with a vibrant private sector, and it was relatively prosperous. At the time I was born, in the '60s, the living standard in Yugoslavia was about the same as in Greece and Spain, and considerably higher than in Portugal. Unlike our East European neighbors, we could sample the Western lifestyle and were free to travel...
...above all reassure financial markets. A Treasury boss should above all be a horse whisperer, someone who quietly speaks to key people around the world about changes in our own economy, alerts them to trends in fiscal policy, and takes in information from key players in the private sector for use by policy makers in Washington. In essence, he's sort of a double agent in the house of finance. Bolten should understand this, coming from Goldman Sachs. But that hardly means this view will prevail...
...shocks. They started with the collapse of the Mexican peso in the mid-1990s. In 1997, much of eastern Asia's flourishing economy was leveled. Next were Russia, Turkey and Argentina; Brazil teetered on the brink. Meanwhile, Silicon Valley, the pride of the U.S. economy, was crashing, while entire sectors of the so-called new economy disintegrated. And Japan, the world's second largest economy, was locked in a financial crisis redolent of the 1930s. After the tech wreck, everything from state-of-the-art fiber-optic networks to computer chips were dumped on the market, as desperate investors struggled...
...Deccan, SpiceJet and GoAir. A ticket on one of these is often cheaper than a good seat on a train?something that has made flying, once the preserve of the rich, an affordable reality, even for lower-middle-class Indians. Their discovery of air travel puts India's aviation sector among the world's fastest growing. The fledgling budget airlines still contend with a few teething problems, of course. Service can be brusque, and there's the usual curse of delayed flights. But these are the other realities of air travel that India's first-time flyers will have...
...Conscious of the short honeymoon period he will be granted to show signs of real change, he has traveled abroad in search of aid and investment. And at home he has held frank conversations with members of Haiti's fractured population, trying to win support from an antagonistic business sector, a hostile political community, skeptical media directors, and even gang leaders who had, for months on end, besieged the capital with kidnappings and criminal violence...