Word: sectored
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...Walters of "repeating the same distortions and lies" in order to disguise an illegal U.S. policy of aggression. Walters countered, "Is it a lie that the Sandinistas have sought to destroy the democratic labor movement? Is it a lie that the Sandinistas have sought to crush Nicaragua's private sector?" Within moments, Ortega's appeal was forgotten, and the winds of war began to stir once more...
...effort boosted state control and planning. The victorious British had marshaled their might in a total war effort by making the private sector a virtual arm of the government. They thus became used to the state's telling the private sector what to produce, and this continued after the war. When the fighting stopped, most of Europe lay in ruins, and the government began directing postwar reconstruction. The British steel industry and Renault, France's largest automaker, were among the ventures nationalized...
Free enterprise has a way of sprouting in even the harshest ground. In Peru, a burgeoning "informal sector" has grown up alongside state-owned companies. Says Hernando De Soto, director of the Institute for Freedom and Democracy, a Lima research group: "The informal sector is laying the basis for capitalism." Workshops in Lima shantytowns produce shoes, bicycles, blankets and virtually anything else that can be sold by the tens of thousands of street vendors who throng the capital's pavements. The thriving alternate economy accounts for more than a third of Peru's annual production...
...Their prosperity is based on a unique mixture of planning and enterprise sometimes called Confucian capitalism. Says Edward Chen, director of the Center of Asian Studies at the University of Hong Kong, about newly industrialized Taiwan, South Korea and Singapore: "The government always leaves some room for the private sector to excel and to compete and to get a reasonable rate of profit." Stressing education, hard work and social harmony, state and business sectors have cooperated to produce the exports that fuel development...
Profits, of course, have never been out of fashion in North America. Yet now there is greater interest in the private sector. Canadian Prime Minister Brian Mulroney last year sold De Havilland Aircraft to Boeing for $113 million and was promptly attacked for making the deal at "fire-sale" prices. Retorted the Conservative leader: "I don't believe that government should do what private industry can do better." Mulroney may next take offers for Air Canada, the national airline, and may even entertain bids for Canada Post, the country's mail service...