Word: switzerland
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...where's the recession? Traditional economic theory holds that every business upturn ends in a downward slide of sagging sales, declining profits and disappearing jobs. But when TIME brought together five internationally renowned experts during the World Economic Forum Meeting in Davos, Switzerland, an intriguing question floated through the clear Alpine air: Has the U.S. economy--the world's largest and most influential--banished the business cycle? Has the combination of high technology, globalized markets and unprecedented labor flexibility created a new paradigm of continual growth that can serve as a model for the rest of the planet...
These harmonious conditions have made Wall Street the leader of a worldwide boom in stocks. With inflation falling globally, stock markets have recently hit new highs from Argentina to Taiwan. In Europe, where declining interest rates have helped raise stock prices, France, Germany, Switzerland and other countries have been on their own bull runs...
Last month Barnevik gave up the title of chief executive officer he had held since he created ABB in 1988 by fusing Sweden's Asea with Switzerland's BBC Brown Boveri. Though he will remain a strong presence at ABB, the move will give him time to preach his gospel of East-West economic cooperation to skeptical politicians, labor leaders and business executives. "This is something very close to my heart," he says. "If we can combine the low wages in the East with the high skills in the West, we can revitalize Europe." Barnevik believes the West...
Inevitably the historical debate will lead to a questioning of Switzerland's most quintessential institution: neutrality. One lesson of the wartime experience is that, in a conflict between good and evil, neutrality is morally indefensible. In the post-cold war era neutrality seems both an anachronism and a source of isolation. "The world doesn't need a neutral Switzerland anymore," says Frank Meyer, publisher of the Ringier Press Group. Remembering Switzerland's dark past may have served the unintended purpose of preparing the nation for the future...
THOMAS SANCTON, TIME's Paris bureau chief and roving European correspondent, had no sooner returned from the World Economic Forum in Davos two weeks ago than he did a quick U-turn back to Switzerland to report and write this week's cover story on the Holocaust bank accounts and Nazi gold. It turned out to be something of a journalistic U-turn as well. "Previously my reporting in Switzerland was limited to the occasional business item," says Sancton. "Suddenly I was confronted with a Swiss story of major proportions, one with intrigue, human drama and historical scope." The tale...