Word: unmet
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Dates: during 1970-1979
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...equally strong case can be made that the 1980s will be a golden decade. The fact that the U.S. has slipped behind means that it has a tremendous backlog of demand for capital projects, a huge amount of unmet needs for the investment that creates real wealth. If the nation now chooses policies that will unleash that investment, there will be a capital burst that can lift the U.S. to new peaks of material prosperity and geopolitical strength...
...that might reduce special privileges for narrow-interest groups in order to enhance growth for the broad majority. If the U.S. continues to reverse some of the debilitating trends of the 1970s, then the 1980s could well become a brilliant decade for a nation that still has so many unmet needs-and so much potential for fulfilling them...
...recently formed Environmental Action Committee is another example of a group designed to deal with a previously unmet need. The third new committee, Community Health, is a revamping of the Community Medical Program, which placed volunteers as orderlies in hospitals. The new program, instead, will work primarily in community health clinics, preventitive medicine, and alternative health care options...
...spending has been retarded for years. Just to stay competitive in the world, the U.S. needs to put 12% of its G.N.P. into such investment, but the figure has been 10% since the early 1970s. Result: America's plant is aging and outdated, and a huge backlog of unmet demand for capital goods has built up. In the early 1980s, says Greenspan, capital investment will soar...
Given half a chance, the industrialized world could soon enter another era of growth. Great new markets could open for industrial products in the developing world, and the industrialized world itself still has unmet needs for housing, clothing, transportation. But in order to evoke a healthy response to such challenges, governments must advance policies that create confidence, reward innovation, and encourage investors...