Word: sectored
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...Grace group's big-ticket items will be politically difficult to change. Some $30 billion could be saved over three years, it contends, by raising the average civil service retirement age from 55 to the private sector's prevalent 64 and scaling back cost of living increases. Noting that military personnel can retire after 30 years of service at about 75% of base pay, the survey said $26.1 billion in spending would be cut by making benefits for future military retirees more comparable to civilian pensions...
Lubbers responded quickly. Unemployment compensation was cut by 5%. The first of several planned reductions lowered the minimum wage by 2.5%. The biggest sting, however, was the 3% public-sector wage cut. Outraged transport workers responded by interrupting rail, bus and tram service for five weeks. Then the sanitation workers struck, turning Holland into a landscape of trash-and taking pains to block Lubbers' own street with refuse. A postal strike halted mail deliveries for three weeks. Still, Lubbers stood firm. After Parliament approved the wage cuts, the unions conceded. But Lubbers' victory came at a cost...
...head start. Washington should continue its support for agrarian reform which will lessen the power of local oligarchies and offer the peasant some hope of livelihood. In addition, the U.S. should be generous in supplying technical and monetary aid in helping the Central American nations diversity their agricultural sector so as to make countries more self-sufficient for food and less dependent on one crop economies...
...part because Tanzanian farmers lacked incentives to cooperate. As a result, production of Tanzania's key export crops (coffee, cotton, tea, pyrethrum and sisal) is 40% lower than it was in 1970. The manufacturing sector, which was also taken over by the state, has fared no better. Mainly because of a lack of foreign exchange to buy raw materials and spare parts, many factories are now operating at less than 20% of capacity. That has sparked a vicious circle of economic decline. Without consumer goods to buy, farmers produce only enough food for themselves, which in turn means even...
Under Houphouët-Boigny's leadership, the Ivory Coast successfully developed a mixed economy that encouraged foreign investment, local private owner ship and economic diversification. Unlike many African leaders, he assiduously en couraged a strong agricultural sector and spent the money necessary to maintain roads, rural electrification and irrigation systems. Houphouët-Boigny was also not afraid to keep strong ties with the country's former colonial master. There are more French in the Ivory Coast now than when the country became independent...