Word: directed
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Dates: during 1990-1999
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...unknown in the equation is the amount of direct aid that West German taxpayers will have to pay out to prop up the East's economy. Figures as high as $60 billion a year over the next few years have been mooted; the DIW economic forecasting institute in West Berlin expects $30 billion annually. Bonn has already put together a war chest of about $70 billion for & eventualities. Among other things, Bonn inherits a large G.D.R. budget deficit and foreign currency debt of around $13 billion. At the same time, the special aid to West Berlin that West Germany provided...
Economic growth in the 1990s will be determined largely by how well countries use the limited savings available. Yet even in today's deregulated markets the flow of capital in securities trading and in direct investment is hampered by inconsistent national rules. The leaders should launch an effort to harmonize those regulations and consider creating new agencies to carry out that job, for example an international Securities and Exchange Commission...
...Western customers in mind when it acquired a majority stake in Tungsram in the largest direct investment in Eastern Europe since World War II. The transaction gave GE control of a respected 100-year-old company that last year exported nearly two-thirds of its output, or $180 million worth of bulbs, to West European countries, which pay in hard currency. The deal boosts GE's meager 1% share of Western Europe's lighting market to 9%. That share could prove particularly valuable if the European Community decides to impose quotas on non-Community products after it becomes economically unified...
...some American forces should stay. But Washington wants South Korea to assume more responsibility for its own defense. Current plans call for a ten-year, three-phase troop reduction, beginning with the withdrawal of 7,000 U.S. soldiers by 1994. In addition, Seoul has been asked to double its direct financial support to $680 million this year...
...specifically the foiled May 30 Palestinian attack on a Tel Aviv beach. Yet Arafat's predicament is understandable. The P.L.O. is a contentious collection of ideologically disparate factions, but they are united in wondering what 18 months of dialogue with the U.S. has bought. P.L.O. requests seem reasonable enough: direct talks with Israel, a United Nations team to investigate alleged Israeli abuses of Palestinian human rights in the occupied territories, a chance for Arafat to plead his case at the General Assembly in New York. What they have got is nothing, and it was the U.S. that vetoed U.N. inspection...