Word: sectored
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More advanced nations pay their workers higher wages, but the products they produce and their methods of production are different from those of underdeveloped countries. These areas must devote their resources to agriculture, the sector of the economy where new productivity is lowest. Also, since capital is very expensive in economically backward areas, methods of production will be labor rather than capital intensive. Many more hours of human effort are required to produce the same quantity of a good, because mechanical aids are not as prevalent...
...should start spending more on far-out research to develop new products. (Capital spending as a percentage of gross national product is currently 50% higher in Europe than in the U.S.). "For solid economic growth," says Dutch Economist Jan Pen, ''you need a shift from one sector to another-as in the past from textiles and railroads to electronics and chemicals. What America needs is a new growth sector." Sums up Yoshizane Iwasa, vice president of Tokyo's powerful Fuji Bank: "The U.S. must have far greater confidence in herself. She is still a young and mighty...
...door banged open, and in clumped eight tommy-gun-toting men of Peru's elite, U.S.-trained Ranger battalion. "Señor Presidente," announced the colonel at their head, "I have been sent to take you prisoner." Replied Prado: "So be it. I leave under force from a sector of the armed forces." Standing near by, Pedro Beltrán, until recently Prado's Prime Minister and a man who had done much to foster democracy and development in Peru, could not hide his emotion. "Well said! Well said!" he cried...
...sort that has so shaken business confidence. "If a contest in angry argument were forced upon it." he said, "no Administration could shrink from response, and history does not suggest that American Presidents are totally without resources in an engagement forced upon them because of hostility in one sector of the society." Such talk served only to broaden the gulf between the President and "them."' And that certainly was not what he intended. For a basic point of his speech was that all segments of the nation's society must now work together in the interest of economic...
...Britain and France that this would be a "provocative" act. But it was an East German border guard who did most to raise Berlin's blood pressure. When a twelve-year-old East Berlin schoolboy named Wolfgang Gloede approached the barbed wire opposite the U.S. sector, the Vopo opened fire with a machine pistol. West Berliners had to watch helplessly as the dying boy was dragged back from the wire and left unattended for an hour until an ambulance came. He died on the way to a hospital...