Word: sectored
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...exceedingly difficult. Shielded from competition, lame banks are free to limp along with little incentive to reform. Another example strikes right at the heart of the country's pocketbooks. Using the dubious justification that the nation's food supply needs to be more "self-sufficient," Japan's inefficient agricultural sector has successfully lobbied for tariffs and subsidies to protect it from outside rivals. The result? The food budget for the average Japanese household is now 23% of income, compared with 10% in the U.S. By deregulating the food market, prices will fall?bad news for cosseted farmers but a windfall...
...broader distribution rights, "there's no way it has enough viewers to make money in China," says Couto. Although Beijing is easing restrictions on foreign companies in many industries due to China's entry into the World Trade Organization, it's under no obligation to open up the broadcasting sector. "The government has no time line for granting more access," says a Western TV executive who often meets with Chinese broadcast officials...
...Might the party be willing to gradually cede control of China's mass communications to the private sector, as it has allowed entrepreneurs to acquire factories and other tools of production? Not likely. Although a few private studios exist and censors have loosened up, "We can't have a private TV channel in Shanghai," Ye explains, "because the media must help the Communist Party lead the people...
Piot spoke at the Kennedy Center’s ARCO Forum last Thursday on the importance of building partnerships between leaders of local governments and the private sector...
...Coca-Cola, for not providing enough treatment for employees and their dependents, business also have to answer another question, said Kate Taylor, associate director of the World Economic Forum’s Global Health Initiative: where to draw the line between the roles of the private and public sector...