Word: marketed
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Dates: during 1980-1989
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Saudi Arabia's domestic problems and its oil policy are inextricably linked. Progressive members of the royal family, including Fahd, have argued that current high production levels (9.5 million bbl. per day) are necessary to stabilize the world oil market and assist important allies like the U.S. At the current price of $26 per bbl., Saudi Arabia's oil revenues could surpass $90 billion this year...
Cascades of balloons used to be a staple of political functions, back in the days when "party regular" was a title of respect and market research was just a glimmer in some Madison Avenue mind. Convention after convention, speech after speech, they'd release the balloons, each weighted with a drop of water, at the climatic moment. Today, the balloon drop is a dying art form. But for Reagan it looks appropriate; the huge plastic bag, pregnant with balloons, hangs from the ceiling of the Toga Room, waiting to deliver on cue. Nowadays, though, it's hard to find anyone...
Furthermore, in choosing an economist with Harberger's point of view, Harvard acts to actively exclude these issues from HIID's future involvement in developing nations. Harberger's past work is well known for its free-market policies to "shock" third world nations into economic stability. As students of anthropology, we find it impossible to ignore the political repression and social inequalities that result from these policies...
...case in Saudi Arabia, in Iran, in the Sudan, Morocco and Jordan. Today, however, the situation is different. The Shah of Iran left his country, and Iran is undergoing a radical, anti-Western, anti-American revolution, with instability as its most immediate characteristic. Whatever stability and normalization the oil market regained in the years between 1975 and 1978 has disappeared, with very strong international repercussions. The Soviets succeeded in penetration to Afghanistan, South Yemen, and North Yemen. Jordan is sitting on the fence though much more inclined towards the radical Arab rejectionist front. And, Saudi Arabia, to the great surprise...
...examination of Anderson's record reveals a conservative with a conscience, but a conservative first and foremost. The Jeffersonian creed that "government that governs best governs least" remains the operative phrase in Anderson's political vision. Just put the money into the pockets of consumers and hence into the market system and the benefits will filter down to those in need. It is a traditional doctrine, Adam Smith filtered through 200 years, but what was liberal in 1776 is liberal no more...