Word: multi
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Furthermore, selling multi-billion dollar hardware to other nations increases our own economic problems. Just as the Vietnam War boom led to sharp inflation in the early 1970's, the expenditure of huge sums of money by foreign governments on American arms often causes similar difficulties abroad. Revenue that could be spent on jobs and food instead goes out of the country in large quantities, precipitating a trade imbalance. One popular method of offsetting this problem for many Third World countries is to raise the prices of oil or raw material exports, so that the inflationary effects rebound...
Amato Lumumba, daughter of the slain Prime Minister of the Republic of Zaire, Patrice Lumumba, said Zaire is "a paradise for multi-national corporations. Large foreign companies don't have to pay taxes in order to import materials...
...city's development as an urban entity, Fowler shows, corresponded to the undoing of America as a Crown Colony. He necessarily includes in his work many pages of U.S. history. In fact, the narrative so often digresses from Hancock's life, it takes on the form of a multi-faceted history of the period, using Hancock's life as a departure point...
...policies seem to disqualify him as director of a development agency whose professed goal is to increase the ability of developing countries to manage their economies in a self-sustaining manner. In Chile, for example, the regime has transformed formerly government-owned industries to so-called private investors, read multi-nationals, and has burdened Chile with one of the highest per capital foreign debts in the world...
...progress which benefits a few upper-class individuals and American multi-nationals at the expense of the majority of the nation's population, is not progress at all. Development, by its very nature, involves social as well as economic change. Economic changes presumably result in improvements in the economy of a country, but Harberger's policies neither seem to improve the economic well-being of a country nor accept responsibility for the social costs his programs demand. Can Harberger justify the number of victims of his development schemes by the far smaller number of beneficiaries. Rosalyn Lezberg Grant Barnes Kent...