Word: globally
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Dates: during 1990-1990
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...GLOBAL VILLAGE...
...paralyzed by the social problems they see as their inheritance: racial strife, homelessness, AIDS, fractured families and federal deficits. "It is almost our role to be passive," says Peter Smith, 23, a newspaper reporter in Ventura, Calif. "College was a time of mass apathy, with pockets of change. Many global events seem out of our control...
Before 1973, no other global industry had ever been so perfectly integrated, meaning that the companies controlled their product from oil well to gasoline tank. But the rise of the Organization of Petroleum Exporting Countries and the oil embargoes of the 1970s began to interrupt that arrangement. Newly confident Third World governments abrogated or phased out the concessions under which Western oil companies had pumped oil on their territory. The national oil companies, which controlled 75% of the world's crude output, insisted on higher prices that cut into the profit margins of Western companies. The once cozy world...
...decision to produce a special issue overseas reflects not only the importance of the subject but also our commitment to a global audience. With an Atlantic circulation of 510,000, TIME is the largest international weekly newsmagazine in Europe, the Middle East and Africa. The same is true in Asia, with 270,000 copies sold weekly. We also sell 350,000 magazines a week in Canada, 90,000 in Latin America and 145,000 in the South Pacific. With an additional 4 million issues in the U.S., we have a worldwide circulation of more than 5.3 million, for an estimated...
Rather than drowning out America's once powerful voice, these summits could actually reaffirm the U.S. position as a global superpower. After wielding dominant military and economic power for the past half-century, the U.S. can no longer assume a central leadership role by dint of its muscle. Instead, the U.S. in the 1990s will have to lead by forging global consensus and coalition...