Word: steeling
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Dates: during 1980-1989
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...successful enterprise but mistaken priorities. The government there provided sufficient bait to attract U.S. automoblie manfuacturers and other multinationals. This bias in Brazil toward export-oriented industrial and urban development significantly diluted relief to the rural poor there. Similarly, Muller notes that after years of stangation the Indian steel industry has become an exporter. But at what cost to the millions starving in India's villages and cities? Although his global market plan may provide a boon to the United States and other technology exporters, its prospects for helping the world's poor are minimal. Taking the current activities...
...wide and a half-mile deep, the largest excavation in the world, alone has produced copper-over 11 million tons-than any other mine in history. The Climax mine near Leadville, Colo., last year supplied 49 million lbs. worth of molybdenum, a blue-gray mineral used primarily in strengthening steel. Mines in the Coeur d'Alene district of Idaho led the Mountain States in production of lead ($49 million) and zinc ($24 million) last year. Silver and gold, those minerals that helped build and bust 19th century boom towns like Goldfield, Nev., and Silver City, Idaho, are still being...
...year-old Zhao, academic discussions about the interplay of politics and economics are a great leap from writing articles such as "China's Third Steel Base Starts Producing." Since his first visit to the United States--he arrived on a slow boat from China with $25 in his pocket--Zhao has written about everything from the "Three Anti's" Campaign to the Boston Symphony Orchestra's recent tour--in short, almost anything a Chinese journalist of the past 20 years could observe...
...those mistakes--one which Zhao believes will haunt PRC leaders for some time--is economic imbalance. Despite recent decentralization efforts, Chinese leaders' attempts to correct the economy's heavy industry and urban biases have not yet been successful. Citing a steel plant, which has already cost the regime more than $20 billion, Zhao says, "It's like sitting on a tiger. You can't give it up because you've sunk so much money into it, and you can't continue it because it's costing more and more...
...They're outcompeting us. If we don't move quickly we're going to be out of business with steel, and maybe even cars," Vogel said, adding that the conference "is an opportunity to get people to think about these problems...