Word: worlds
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Dates: during 1990-1999
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Early last week National Transportation Safety Board investigators took that theory seriously enough to consider handing the crash inquiry over to the FBI. But as soon as they heard the shocking suicide hypothesis, Egyptian officials, the Egyptian populace and most of the Arab world cried, "Wait...
Last week President Jiang Zemin made a grab for imperial status by inking a World Trade Organization deal with the U.S. that will open China to free international trade for the first time in history. Along the way, 73-year-old Jiang had to move mountains of conservative opposition at home, change the atmospherics between Beijing and Washington, and, yes, deal with 100 million tangled telephone lines. By any measure, it was a monumental deal for China. But for Jiang it was even more--a bid to boost his reputation from that of polished technocrat to the more mythical status...
Trade negotiations? Oh, please--wake us when it's over. Tariffs. Subsidies. Antidumping measures. Multilateral investment agreements. The eyes glaze over. Even free trade's First Cheerleader, Bill Clinton, confesses that most people think the World Trade Organization is "some rich guys' club where people get in, talk in funny language and make a bunch of rules that help the people that already have and stick it to the people that have...
...consumers profit from lower prices. Political enemies turn into economic friends--who trades together plays together. In the half-century since the WTO's predecessor, the General Agreement on Tariffs and Trade, was founded with 23 members, worldwide trade has expanded some 15-fold, to $6.5 trillion. As the world's largest exporter and importer, the U.S. owes nearly a third of its economic growth in the past decade to trade. "Cooperation is not a choice," says Mike Moore, the onetime meatpacker and New Zealand Prime Minister who heads the WTO. "It is indispensable to survival...
...global economic integration, led by multinational companies, gathers momentum, a popular backlash is building. Protesters aren't against trade, but they want corporation-friendly rules to include social concerns--the environment, labor rights, Third World poverty. And they want it now. More than 775 nongovernment organizations have registered with the WTO, bringing some 2,100 observers. "The WTO is an octopus with an arm into every little crevice of democracy," says Lori Wallach, director of Public Citizen's Global Trade Watch lobby. "It trumps domestic laws and international treaties and imposes one-size-fits-all rules...