Word: globally
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Dates: during 1990-1990
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When it comes to trade, the nations of the world generally do better by building bridges rather than walls. The major trading countries have boosted annual global commerce from $60 billion to nearly $4 trillion annually over the past four decades, thanks in part to their success in reducing tariffs and other protectionist barriers. Even so, during the past decade the world's bridge-building organization, the General Agreement on Tariffs and Trade, has come under heavy fire from critics who claim it is irrelevant and ineffectual in a world of high technology, booming service industries and disparate wage rates...
...GATT is to play a central role in global trade, the group's members will have to strike a comprehensive package of intelligent compromises. Success depends significantly on the U.S. and the E.C. Should they take the lead by accepting substantial cuts in their agricultural and textile barriers, other countries are likely to follow suit. That would mean an opening of more international markets and the extension of GATT discipline to all major areas of trade. The resultant growth in trade would generate, according to Hills, an additional $200 billion in domestic annual output for the U.S. alone...
...nearly 50 years since Henry Luce published his essay "The American Century" in LIFE. It was a passionate argument for intervention in World War II and a summons to global leadership, an appeal for America to do its duty toward itself and toward mankind. The 20th century, wrote Luce, must be, "to a significant degree, an American Century...
Regardless of whether the CPF discovery pansout, Harvard researchers say the University hasalready proven a global leader in AIDS research...
Part of the problem is that Japan has its own trouble with "the vision thing." Despite its status as an economic superpower, the country suffers from global parochialism. The closest approximation of a grand strategy is the goal of keeping the world safe for Japanese exports and investments. The political system depends, sometimes to the point of paralysis, on consensus. The prime ministership has rarely been a bully pulpit, especially in recent years. After a massive stock-trading scandal, the shoguns of the ruling Liberal Democratic Party chose Kaifu in 1989 not just because he was untainted. He was untested...