Word: development
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...whether a free-market economy can co-exist with a socialist state. I think that there are no fundamental contradictions between a socialist system and a market economy. The question is what method we should use to develop the social forces of production in a more effective way. And of course, in the past the old approach was to go for a planned economy. The old method was a good method because it's good to have a plan. But according to our experience of past years, we have found that if we engage only in planning, the development...
...experience tells us that if we rely only on the past economic system forever, we will not be able to develop social production. So what we have done is adopt the useful things under the capitalist system. We have been pursuing the policy of opening up to the outside world, and we have been combining the market economy and the planned socialist economy. We have introduced a series of reforms in order to achieve this goal. Now it seems this is a correct policy. But has it violated the principles of socialism? I think...
...Kuwait's unofficial stock market in 1982 badly undermined confidence, and repercussions continue to be felt. Finally, Western bankers will be leery about doing business there until legal uncertainties are clarified. A British lawyer working in Bahrain points out that it took the West nearly 300 years to develop a legal framework for banking. Arab bankers are making great progress, but more must be done before they will have a modern financial structure. --By Gordon M. Henry. Reported by Aileen Keating/Bahrain
...first few months of life. Klein taught that the mother's breast, as feeder and comforter, is decisive in building the infant's ego and sets the stage for envy and jealousy. Problems of envy are inevitable, and if they are not resolved in infancy, problems of jealousy may develop later. Withholding the breast generates envy of the mother's power, and the appearance of a rival--the father or a sibling--can result in jealousy as the infant perceives that the third party is responsible for the withdrawal of the mother's attention. Friday feels that her rivalry with...
...Pacific Community as a whole, the lesson of 1985 is that too much reliance on the U.S. market is risky. "The U.S. cannot continue to be the only engine of growth in the world economy," said Krause. The economists agreed that the Asian nations will have to develop trade among themselves and raise living standards so that they consume more of their own products. Observed Drysdale: "We need a transition from North American-led growth to Western Pacific-led growth...