Word: trades
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
COMPETITIVE ADVANTAGE The Netherlands had more than half the world's merchant ships. It ruled trade and shipping not just in Europe but throughout Iberia, Africa, Asia and South America, led by the famed Dutch East India and Dutch West India companies. (A forerunner of the latter founded New York City.) Amsterdam became the global financial capital; Dutch workers' wages were Europe's highest. The link between freedom and entrepreneurship was not lost on Adam Smith when he wrote of the virtues of free-market economics...
ECONOMIC BACKDROP Japan served as a marvel of industrial planning gone right. Japan's Ministry of International Trade and Industry kept the cost of capital low and directed resources to export sectors such as autos and consumer electronics, at the same time fiercely protecting the home market from foreign competition...
...relations. For more than a decade, this unique brand of teamwork pushed Japan into an economic league of its own. No other country had such low unemployment and low inflation; the rest of the world struggled with stagflation (high unemployment and inflation). Japan racked up some $400 billion in trade surpluses in the decade. Indeed, by the end of the '80s, Japan had reached a standard of living that exceeded the U.S.'s (besting it by 17% as measured by gross national product per capita). Japan's ability to improve products and lower prices compensated for its lack of world...
BRUSSELS, Belgium: The European Union approved "in principle" Boeing's $15 billion megamerger with McDonnell Douglas after the aircraft manufacturer made key concessions on exclusive supply contracts and the sharing of aviation technologies. The preliminary agreement temporarily averts a trade war between the United States and the EU which threatened to erupt if the consortium vetoed the Boeing-McDonnell arrangement. To secure EU approval, Boeing offered to terminate agreements which made Boeing the sole supplier of jets to several U.S. airline, and promised to grant competitors access to certain aviation technologies. Those concessions should assuage European fears for Boeing...
Frustration is high because free trade has not yet fixed the accumulated damage from past economic mismanagement. So while the NAFTA generation boasts burgeoning numbers of entrepreneurs, engineers and financiers, the unemployment rate among young adults is twice as high as that of older people--a situation that sends more and more youth over the U.S. border each year in search of work. And a higher proportion (more than 40%) of people under 30 live in poverty than of any other Mexican generation. In an alcove beside one of Mexico City's busiest subway stops, a growing community of homeless...