Word: sectored
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...regard inflation, rather than economic stagnation, as the main economic enemy. Said their joint declaration: "The reduction of inflation is our immediate top priority and will benefit all nations." Thus, the allies committed themselves to "encouraging investment and innovation" and "shifting resources from government spending to the private sector...
...leading candidate to succeed Ohira is former Trade Minister Toshio Komoto, 69, a sharp, urbane industrialist who made a fortune in shipping and who has support from the business sector. Komoto, however, is an unknown quantity as party leader and is opposed by Tanaka's faction for having supported an investigation of the former Prime Minister's links to the Lockheed scandal (Tanaka resigned before being indicted for taking a $2 million bribe). Another candidate, Yasuhiro Nakasone, 62, has served as secretary general of the party and in various Cabinet posts, including that of Defense Minister. Some...
...office to East Jerusalem was not imminent, although it would probably take place in the near future. Having committed himself to the move, Begin felt he could not reverse himself without losing face. That argument is flawed. Moving the Prime Minister's office to the predominantly Arab sector of Jerusalem could result only in the further, unnecessary isolation of Israel from its dwindling band of supporters...
Despite an investment of more than $500 billion, agriculture remains the most troubled sector of the Soviet economy. The nation employs eight times as many farm workers as does the U.S., or about 23% of the entire Soviet work force. The farm sector soaks up about one-quarter of all investment capital, five times more than that spent in the U.S. Yet for all this, actual farm output remains only 80% of the U.S.'s. Says Soviet Economic Expert Gregory Grossman of the University of California at Berkeley: "The organization is wrong, the prices are wrong, the tools...
...Soviets meet their energy needs? Certainly not through conservation by consumers. Leonid Brezhnev and other Soviet leaders have called repeatedly for conservation, but there is not much fat to trim in the consumer sector. A nation that has only one automobile for every 42 people (the U.S. has one for every two people) and does most of its long-distance hauling by rail cannot cut back much on gasoline consumption. Some savings might be possible in factories, since Soviet industry is notoriously wasteful of energy, largely because the government sells energy to industries at low rates, which invites managers...