Word: sectored
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Videla is determined to wrestle down the unions' "political power and abnormal privileges." Toward that goal, Martinez de Hoz is trying to prune the mammoth state-run industrial sector, a Perón-era albatross that produces less than 10% of Argentina's G.N.P.-and much of the government's debts and deficits. State enterprises employ an estimated 300,000 unnecessary workers. But the Economy Minister's plans to cut bloated staff and sell losing businesses to private firms have run into strong union opposition. When Videla raised the work week of Buenos Aires' huge...
...nearly as possible, how much future programs will cost, and how the financing should be divided among federal, state and local governments, and the private sector...
...designed to restrict, though not discourage, foreign investment. Echeverria's rhetoric became much more specific: a militant anti-American position in order to gain economic and political independence. Internally, Echeverria managed to alienate the powerful industrial group of Monterrey and, to a large extent, antagonize the private sector as a whole. He drained the treasury to carry out lavish and ill-timed industrial projects in a country that sorely needed to spend its resources only on necessary things such as social development. He toured the world in search of Third World solidarity and to satisfy his personal messianic ambitions while...
Perhaps the bill's most glaring shortcoming is that it reaches such a limited segment of the labor force-essentially only the low-paid, semiskilled workers now employed mostly in the service industries, the least productive sector of the economy. Assistant Treasury Secretary Larry Woodworth estimated that 66% of the labor force would be left...
...taxpayer, and that liened group should be more heavily composed of the middle aged. In contrast to the whiz-kid executive syndrome of the '70s-a direct result of the baby boom-the reins of power will revert to older hands. For the middle-age, middle-management sector, there will be fewer shots at the top, though there will be more titular promotions and merit raises to reward the faithful. On the positive side, lessened competition may result in heightened creativity. People may concentrate on doing what they know best, rather than aspiring to levels at which they...