Word: tecuala
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Dates: during 1950-1959
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Halfway around the world in Mexico, another of humanity's sorrows was turning to promise. Huddled into a corner of Nayarit state, the squalid hamlet of Tecuala had for years had contact with the outside world only through a dirt mule track. But in 1951 an all-weather road pushed into Tecuala, and the town got a small, 600-kw. generator. Within weeks, the power plant put new life into Tecuala. A modern street-lighting system was installed, a water-pumping system modernized; Tecuala's hospital got refrigerators, fluorescent lighting, a fluoroscope. In short order, the town added...
Tata & Kariba. Both India's Damodar Valley and Mexico's Tecuala owe their new prosperity to that most capitalistic of all capitalist archetypes: the banker. He is Eugene Black, president of the International Bank for Reconstruction and Development-generally known as the World Bank. It was the World Bank that lent Mexico $24 million to help bring power to Tecuala and other forgotten towns. To India it lent $38 million for its Damodar project, and from both nations President Black expects to get every nickel back-with interest...
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