Word: thirdly
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Dates: during 1980-1989
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...industrialized nations must therefore persuade the Third World to % embrace the goal of sustainable development -- economic growth that relies only on renewable resources and does not permanently damage the environment. But the debt-burdened developing nations cannot be expected to do so without an enormous influx of funds and technology from the North. According to Kenneth Piddington, director of the World Bank's Environment Department, the crucial question is, "Are the rich countries of a mind to organize the transfer of resources in such a way that the Thailands and Indonesias of this world are actually going to benefit materially...
Rather than just applauding what he has done, let us examine why. When Gorbachev came to power he found he was presiding over a military superpower and a Third World economic power. His clients in Cuba, Viet Nam, Ethiopia, Angola and Nicaragua required huge subsidies. Afghanistan was costing lives as well as money. In Eastern Europe the explosive forces of dissent were building dangerously. The stagnant Soviet economy was falling further and further behind the West. Gorbachev's only option was to reform at home and retrench abroad...
Suppose we save $20 billion to $30 billion in defense spending on Europe in the next few years. Let's dedicate a third or a fourth of that to a Central European Recovery Fund. If we make a substantial contribution, I think the Europeans will more than match it, and we can bring the Japanese into...
...rivaling the estimated $8 billion imbroglio at the Department of Housing and Urban Development to go undetected. But the gravest worries were triggered by concerns about the solvency of more than $5 trillion in federal credit and insurance programs that cover everything from bank deposits to student loans and Third World aid. While no one expects all such programs to fail, bad debts and write-offs are steadily increasing. "Losses from these programs have already cost the taxpayers tens of billions of dollars and have had a significant impact on the federal deficit," warns Charles Bowsher, the U.S. Comptroller General...
...third time in this century the old order is crumbling in Europe, and the world waits anxiously for a new one to be born. The transition promises to be long, difficult and hazardous. But rarely if ever has the vision of a peaceful and relatively free Europe stretching from the Atlantic to the Urals seemed so palpably within grasp. Thus 1989 is destined to join other dates in history -- 1918 and 1945 -- that schoolchildren are required to remember, another year when an era ended, in this case the 44-year postwar period, which is closing with the rapid unraveling...