Word: third world
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...Soviet Union, which has historically feared the Chinese masses on its southeastern border, would face a neighbor considerably strengthened by a triumphant heresy. Communists everywhere, notably in the Third World, would see an alternative to the failures of Soviet-style Marxism. Many of China's neighbors in the Far East, including Taiwan and South Korea, would find that a political foe had been tamed into a trading partner, while an economic weakling had become a mighty competitor. Most important, perhaps, the U.S. and other Western countries would see the crusading faith that has made the Marxist third of the world...
Brucan, in common with Western analysts, also believes that successful Chinese modernization "is bound to acquire a tremendous following, particularly in the Third World." Many African and Asian leaders are committed to Marxism as the leading anticolonial ideology but suspicious of the Soviet version. Marxists in Africa talk about an "African socialism" that seems to embrace just about anything that can be accommodated with a one-party state. China's example seems likely to encourage them to believe that they can develop their economies and remain theoretically Marxist without following the U.S.S.R...
...their mainland relatives, who then obtain permission from Chinese authorities to move there. Some 270,000 people from Hong Kong stream in every week to visit and sight-see. Two of the most popular stops: Sea World and Honey Lake amusement park, which features a monorail, Ferris wheel and double-loop roller coaster. In 1984, tourism and retail sales accounted for one-third of the zone's $666 million revenues. Even the industry that has sprung up is unimpressive. Instead of attracting the high-tech companies that Peking hoped for, Shenzhen produces mostly clothes, plastics and assembly-line electronic wares...
...after White House Chief of Staff Baker swapped jobs with Regan in February, the Administration began taking a more active role. Less than a month after the Plaza Hotel meeting, Baker unveiled yet another ambitious blueprint for repairing the global economy, this time a plan to defuse the Third World debt bomb. Baker contended that previous stop-gap efforts to solve the problem relied too much on austerity measures that prevented developing countries from rebuilding their economies. Speaking to a conference of 9,000 moneymen in the South Korean capital of Seoul, Baker called for a three-year lending increase...
Toward the world at large, the country has creaked open as slowly as an ill-oiled attic door. More than a decade passed after the government announced its willingness to enter into joint-venture enterprises before the first such project was undertaken. In 1984 Burma signed a deal with Fritz Werner, a German munitions firm long associated with Ne Win. The intention: to manufacture obsolete German G-3 automatic rifles for the Burmese army. During the first decade of Ne Win's rule, foreigners were allowed to enter Burma for all of 24 hours; these days the government issues seven...