al ambrose vice president risk management oilseed processing chs national institute of products phoenix az march 23 2006 open markets economic growth and prosperity the luckiest generation a remarkable sequence events leads global transformation 1979 1990 margaret thatcher as uk prime minister privatizes 2 3 state run industries deregulates cuts taxes basic rate 33 to 25 top wage 98 cut 40 1980 1988 ronald reagan us tax 78 35 pushes deregulation sdi economies lead recovery s&p 500 & ftse triple 82 87 1984 85 deng xiaoping introduces market socialism de collectivizes farms promotes individual property rights by granting long term land leases continued 1986 gorbachev reforms june 89 tiananmen square nov solidarity wins poland berlin wall falls cold war ends shift from guns butter 1992 93 uruguay round gatt completed trade reform china free zones 1994 nafta signed globalization widespread sustainable ensues this enjoys better health greater wealth more abundant food supply longevity wider freedoms opportunity comfort hope standard
