Word: sectored
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...reasons having to do with foreign competition, the limits of growth, and the practical impossibility of raising the productivity of the growing white-collar sector of the economy, the days of massive economic growth are over, according to Bell. Bell and his colleagues fear that at this historical stage the public will run wild: Hateful of sacrifice for the public good, every interest group will demand its accustomed larger share of a non-expanding pie, causing disillusion, further inflation and possible class conflict (which translates into "chaos" for most of the Public Interest theorists). In an economy which...
...only sector that will receive substantial budget increases in the new plan is private industry. Healey's rationale: Britain cannot go on consuming wealth unless her industries produce it first. "If we want to regenerate manufacturing industry," said Healey, "we must leave enough resources free from public expenditure." While Britain's gross national product has risen less than 2% over the past three years, public spending has skyrocketed by almost ten times that figure. Such spending now devours a staggering 60% of the G.N.P., up from 50% in 1973 and 42% in 1960. The national debt has risen...
Carter's man Powell, somewhat relaxed after his last campaign trip to Massachusetts, told reporters some stories about earlier campaign troubles on identifying Carter with the wrong economic sector before the electorate...
...that replaced the centuries old silk industry in Vietnam with cheap cotton goods now use cotton imported from the north. The PRG's goal in industry is to reach the highest level of production possible without new capital investment; the rural areas have top priority, and only when that sector of the economy is stabilized will the government put more money into industrial development. Oil deposits off the coast will remain unexplored for the moment, since Vietnam has neither the capital nor the technical power to exploit them...
...country with the Americans. Like the North Vietnamese government, the PRG is willing to work with those local capitalists willing to cooperate with it, allowing restricted profits and providing capital to bankrupt businesses. At this point, production and employment opportunities are more important than a strictly state-owned industrial sector...