Word: bootstraps
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...nearly a quarter of a century, Puerto Rico's "Operation Bootstrap" has served as a model of what a backward economy can accomplish under honest, imaginative leadership. Since 1942, when the island's development program got under way, per capita income has risen from $120 to $905, il literacy has been largely eliminated, life expectancy has jumped from 46 years...
...legendary Luis Munoz Marin, who retired as chief executive in January 1965. A quiet, pipe-smoking administrator, Sanchez last week sent to his legislature no fewer than 34 pro osals, the first part of a dynamic and demanding 85-point program designed to reorient Bootstrap to the island's new problems...
...reserves and a booming economy. To help it along, Franco was persuaded to go on to an even more ambitious four-year development plan. At the heart of the plan are the seven development "poles" scattered throughout provincial Spain. Borrowing a page from Puerto Rico's successful Operation Bootstrap, Planning Minister Laureano López Rodó offers a five-year tax holiday, duty-free equipment imports, easy credit facilities and attractive plant sites to private industries willing to set up shop in these areas which are starving for capital...
...underdeveloped areas have flourished as dramatically as Puerto Rico, where the tax incentives and government-built facilities under Operation Bootstrap have attracted 600 companies, created 65,000 jobs and raised per capita income from $121 to $900 a year. Bootstrap, however, has lured mostly light manufacturing. To keep its economy growing at the current 8% rate, the island needs heavy industry...
...midweek the sun finally broke through the clouds over Santiago, and the worst seemed over at last. President Frei gratefully acknowledged emergency aid from the U.S. and other countries, and already a bootstrap effort had begun. All over Santiago last week, boy scouts and students were collecting money and clothing; the tags they wore on their coats read: "Together we shall rebuild Chile...