Word: third world
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Exotic equity markets, called fringe markets or emerging markets in the securities trade, are continuing their surge in 1992. Five weeks into the year, all the top 15 in Datastream's rankings are Third World countries, except Taiwan, South Korea, Greece, Hong Kong and Finland, and these 15 leading performers include such surprises as Colombia, India, Indonesia and Nigeria. The U.S. languishes in 21st place, among such other slugabeds as the major European countries. Japan, of course, is famously down, bumping the bottom of the performance standings...
...nationalist waging a civil war, as well as a Kremlin ally waging an ideological one. Khomeini was the avatar of Islamic rage against the West. But they also had something in common: by dodging American bullets, sometimes literally, each enhanced his standing in various quarters of the Third World...
Ervin was competing in the strongest field of U.S. skaters since 1956, when the Olympic women's team was Tenley Albright, Heiss (both future gold medalists) and Catherine Machado. This year's trio could sweep the medals, as they did at last year's world's championship in Munich. If they do not, the reason will probably be Japan's Midori Ito, 21. She is 4 ft. 9 in. and built like a fireplug. But can she fly! At Munich her image was set indelibly, warts and all, when she took off and whirled, airborne, into the stands. That...
...using academic complaint as a way of evading engagement in the real world. Sect A borrows the techniques of Republican attack politics to show that if Sect B has its way, the study of Milton and Titian will be replaced by indoctrination programs in the works of obscure Third World authors and West Coast Chicano subway muralists, and the pillars of learning will forthwith collapse. Meanwhile, Sect B is so stuck in the complaint mode that it can't mount a satisfactory defense, since it has burned most of its bridges to the culture at large...
...increasing importance of economic issues, pressure is building to give Germany and Japan permanent places on the Security Council, but without the power of the veto that the "perm five" possess. Opponents of that idea fear that revising the Charter would lift the lid of Pandora's box: the Third World would demand its own place on the Security Council in the form of seats for three regional powers -- India, Brazil and Nigeria. Otherwise, power in the council would be weighted against the poorer nations of the world...