Word: sectoral
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...Obama's Afghanistan point man Richard Holbrooke and his team laid out the Administration's aims for Afghanistan during a briefing at Washington's Center for American Progress, it was clear that the agenda had grown more ambitious. There was talk of creating jobs, growing agribusiness, reforming the justice sector, promoting mobile banking, starting a media commission, fighting corruption. Holbrooke never actually used the phrase, but his program sounded suspiciously like nation-building...
...rate had soared to 27% with the closure of an auto-parts factory, Bredesen decided a New Deal-style WPA program was the order of the day. Some of the jobs are with the state parks and transportation department, but two-thirds of them are new jobs in private sector businesses - including a pie company, a hotel and a factory that needs painting and repair - which are reimbursed by the state for the salaries of the eligible stimulus workers. Some of the businesses say the free labor has helped expand their market share, and they are hopeful that they...
...love to have a great deal more stimulus money to do this type of thing in other counties, but there is not a lot of money available. If there is another stimulus package, real consideration should be given to direct employment, in WPA fashion, in the public and private sector...
Shierholz says policymakers should begin thinking about a second stimulus package focused on a jobs program. "If we passed a $200 billion jobs bill, that could create roughly 4 million jobs paying between $40,000 and $50,000," she says. "Four million temporary public sector jobs, for a year or two in duration, would bridge the employment gap while the economy recovers." Voting against the $787 billion measure, GOP Senator Lindsey Graham of South Carolina said, "There are so many things in the package completely unrelated to creating a job in the next 18 months." Only 11% of stimulus money...
...Still, for the country it was a tumultuous time. The Asian financial crisis had devastated what had once been one of East Asia's fastest-growing economies. Kim privatized state-owned companies and jump-started South Korea's IT sector. After getting $60 billion in loans from the IMF in 1997, South Korea became the first East Asian country to, in effect, graduate from its oversight, paying its IMF loans back faster than any other East Asian country, in 2001. (See lessons from Asia's financial crisis...