Word: sectored
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...center-left PRI still has a strong plurality and which last month torpedoed Fox's ambitious $9 billion fiscal-reform plan after he insisted on an unpopular sales tax on food and medicine. That has dampened prospects for other measures dear to investors, such as opening the energy sector to foreign capital and revamping Mexico's ossified labor unions. Though polls show Fox is still popular, "he keeps overestimating the political power of that personal appeal," says pri Congressman Carlos Flores. Fox has also seemed hesitant or unable to tackle dark human-rights abuse cases from the PRI era, including...
Once those tests prove successful, the private sector will become involved in creating a drug, and Cantley’s research partners at Fort Dietrich military research base in Maryland will take over testing on primates. A drug to combat anthrax toxin cannot be tested on humans because of the ethical and legal dilemmas of exposing humans to a potentially deadly disease...
Rajesh Rao, a 33-year-old resident of Bangalore, is typical of the new breed of entrepreneurs transforming India. Rao's company, Dhruva Interactive, develops video-game technology, a hot new area of growth for India's tech sector. As is the case with many Bangalore-based businessmen, Rao flies to America several times a year, and all of his clients are abroad. In most other countries, this would mean a few simple phone calls to travel agents, but a budding Indian tycoon faces special problems. "If I want to get on a flight to San Francisco tomorrow or even...
...many respects, beset by stubborn inefficiencies that have hindered progress and prosperity for decades. A decrepit transportation system, inadequate communication and electrical infrastructure, and an obstructionist bureaucracy might make it hard for India's economy to match China's spectacular growth. Despite the high-profile growth of the tech sector, for example, agriculture still accounts for nearly a quarter of GDP, and the country's predominantly agrarian population remains at the mercy of the monsoon. In 2002, the rains were poor, and India's agriculture suffered; the economy grew only 4.3%. India's economic planners maintain that the economy...
...Still, signs of progress are everywhere. The once-dysfunctional phone system, for example, has become far more efficient since the telecommunications sector began opening up to private competition in the 1990s. The quality of roads has improved, thanks to an ambitious "golden quadrilateral" highway-building scheme that is connecting India's four largest cities. The government has also been setting up Special Economic Zones, havens that offer speedier regulatory approvals, low taxes, guaranteed power?and shelter from socialist-era labor laws that require a company with more than 100 employees to get government permission to lay off workers...