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And Newsweekdid one on the 'hotpants'trend. So,you do havethesepeople coming in andtheywant an interview,andvery often the local guycannot get it. Moscow was alwaysa scandalin that a f o r e i g ne d i t o r o r t h e e d i t o r o f a magazineor newspapercould comein and get an interview with somevery high official on the condition that he did not bring his local correspondent with him.
I neverdid that, but other peopledid, includingthat newspaper that has the slogan,"All the news that'sfit to print," exceptthat theyundercut their own correspondent.
The worst thing, however,is that the powerful editors sitting behind their desksin Frankfurt,Brussels,London, New York, Manila, and so forth, feel that their readersarenot interestedin EasternEuropeor in anyplacethat is producingbad news.
The correspondentcan write the best articlesin the world. He canget all sortsof information that is new,that is enlightening,but it simplywill not appearbecausethe editors would think, "We[ it is not going to sell, the readerswon't want it.
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And Newsweekdid one on the "hot pants" trend. D o e s SoutheastAsia, doesAsia in general, the fastestgrowing and the most dynamiceconomicareain the world, haveanythingto fear from Eastern Europe?
I think the answeron balance is, not really. There mayte somecompetitionfor foreigninvestmentbutthe Asia-Pacific area is becomingvery much a self-drivenareaWhat doesthe Asia-Pacificregion haveto offer to Eastern Europe?
The people whoaregoingtomakethestrategicinvestments,where one is willing to write-off a few hundredmillions,are goingto be the WesternEuropeans and thoseare, on balance,sound decisionsbecauseit's muchbetter to havea prospering,huppyEastern Europeonyourborderthantohavean unhappyEasternEurope.
I would ratherspendhalf of theWestGerman defenseallocationon soft loansto the SovietUnion than haveto fight the SovietUnion in five yearsbecauseit is a war you are not goingto win or even if youdo, God helpyou afterit is over.
So the type of thingsthat drive the Europeansare considerationstotally apart from what shoulddrive the Asians. Now, what can you bring? Probablyverylimiled measures, but very,very important ones. Perhaps,the mostlmportantis to helpto recreatetheentrepreneurial spirit, training,technologicalexchangethat bringstrainingalongwith it, that showswherehumaninitiative playsa role.
That probablyis the very, verybestthing that you cando. It is probablymorein the area of mediumto high technologywith a great deal of humanendeavorand humanintelligenceadded.
That is where you have excelledand I think that is whereyou can help Eastern Europe. Soit is veryeasyformeto saythat I agreewith both of them,particularly with Mr. He himself is a very successful businessmanin Hong Kong and in the United Kingdom, and can alsobe carried awaybythe"flavor of themonth.
Businessmen,particularly bankers, seemto be easilysweptby theflavorof I think we have the month symdrome. What you seein EasternEurope whenyoulift the Iron Curtainaretheir e c o n o m i e s.
H e h a d j u s t returned from an extensivetour of Eastetn Europe with his wife and someof his colleagues. We talkedfor aboutan hour and a half aboutvarious countriesin EasternEurope and he thatoneisdealingwith agreedwithme there. You are basicallycrawlingup, and he said that it is very difficult to crawl up.
Another thing you are dealingwith, are countries that haveno system,no law and order the waywe understand law andorder. Andyouwill payavery high price for democracy.
As we all know, democracyis very e4pensive. It will be very expensivebecauseof two things: Ithink it is allverywellto saythatyou will be selling to million people.
But are thesepeoplewealthyenough to buy the goodsthat you produce? Are they trained enoughto havediscipline?
To work in factories? Sobasically,I do not think the curtain has fallen on the Pacific Century as otr Time correspondentsaid.
I basicallythink that the Pacific Basin is still the dymamofor the 21stcentury. And I still believethat if we can find a wayof harmsnizingpeople's. I alsothink that whenyou talk about investment,you must distinguishbetweeninvestmentand aid.
It is all very well to throw a few speculativemillion dollars into a venturein an Eastern Europeancountry.
This is not investment; I would considerit aid. It is a gambleto seewhetherit paysoff or not. You are referringto real investdent if you are thinking of sinking people'smoneyand time in it.Made This Text A Perennial Bestsellernotes On Engineering Economic Analysis Introduction The Download Integrating Engineering And Science In Your Classroom Pbx 3.
Read Antitrust And Monopoly Anatomy Of A Policy Failure Independent Studies In Political File The Science Of Powerful Focus 23 Methods For More Productivity More Discipline. If your post contains video, please use this format. Select Video format in the appeared metabox and add the embed code from the video hosting you use (youtube, vimeo etc).
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D) the money supply grows faster than the real GDP, the price level rises people converge on stores, shortages occur and prices go up Inflation destabilizes the .
the vice presidency, the nobel peace prize, the two oscars, the two number one bestsellers and other things of that sort, blah, blah, blah, as they say. i got to immerse myself in these things in an article about what vice president gore has been up to joel b in "the atlantic" in about 10 days. and those of you at the conference have it in your. Introduction to productivity definition, measurement and explanation. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. LINKAGES AMONG MONEY, PRICES AND INTEREST RATE Money Supply Price Inflation Rate Nominal Level Interest Rate Money DemandTHE MONEY DEMAND FUNCTION (M P) d = L (i,Y)(M/P)d = Real money demand, depends negatively on i, where i is the opportunity cost ofholding money and depends positively on Y i-e higher Y ⇒ more spending so, need moremoney.
Nucor's compensation program has boosted the company's labor productivity to levels nearly double the industry average while rewarding productive employees with annual compensation packages that exceed what their union counterparts earn by as much as 20 percent.
basic oxygen furnaces. Thus the commodity-abstraction or. in strict accordance. which it transforms to money.8 INTELLECTUAL AND MANUAL LABOUR INTRODUCTION 9 science and of mental labour generally laying all intellectual activity open for an understanding of it in terms of the social formation of its epoch and critically evaluating its conceptual structure as well as.