Word: stanford
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Dates: during 1950-1959
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...world clamoring for swift material progress, 551 bankers, government officials and business leaders from 62 nations gathered for the first such meeting to assess the vast needs and soaring hopes of the free world. The occasion: a week-long International Industrial Development Conference sponsored by TIME-LIFE International and Stanford Research Institute. The conference theme: Investment−Key to Industrial Development...
...world's underdeveloped countries are now multiplying twice as fast as in industrialized societies. To support the extra population these countries are least able to afford, they are forced to consume less and produce more, and are falling ever lower in living standards. Said Dr. A. Eugene Staley, Stanford Research Institute's senior international economist: "Despite all the vaunted technological and economic progress of modern times, there are probably more poverty-stricken people in the world today than there were 50 years...
Recognizing that the inflation problem is not identical in every country. Dr. Weldon B. Gibson of Stanford Research Institute, conference codirector, pointed out in summing up round-table discussions: "In the highly industrialized areas the problem of wage increases running ahead of gains in productivity, together with other rigidities in the economic structure, places a heavy burden on classical financial measures for [controlling] inflationary pressures." Some conference delegates doubted that the classical anti-inflation remedies such as tight money will work in these countries. But "for the newly developing countries,"'said Gibson, "there was a general agreement that inflation...
Back home, he learned that California's Stanford Research Institute had similar ideas and would be a willing partner in a meeting to stimulate international investment. S.R.I., a corporation founded by Western U.S. businessmen to research industrial, economic and scientific problems, was an ideal cosponsor. Baker and S.R.I.'s Dr. Weldon Gibson agreed that TLI and S.R.I, together might arrange a conference encompassing the whole world...
...Actually," he went on, "I'm a student. Stanford. But only for one more year. Notice my Palo Alto pallor." He tapped nervously on the ledger. "In here I've got over 200 original poems...