Word: 1990s
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Dates: during 2000-2009
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...contract killings and kidnappings - climbed almost 10%. So even if the reigning dons do get locked up, replacements will likely be easy to find and the violence will probably continue, says Yury Fedoseyev, former head of Moscow's Criminal Investigation Department. "The men I put away in the early 1990s for extortion, racketeering, murder - they're all getting out now," he says. "And I doubt they're going to retire." (See 10 things to do in Moscow...
...Asian appearance, Ivankov was considered by both Russian and Western law enforcement to be one of the most influential figures in the Russian criminal world. According to the FBI, he ran an international mafia syndicate from his apartment in the Brighton Beach neighborhood of Brooklyn, N.Y., in the 1990s and served eight years in prison in the U.S. for extortion and conspiracy. When he returned to Moscow following his release in 2004, he was set on retiring. "I met with him a few times, and he told me honestly that all he wanted in Russia was to rest," says Alexander...
...world, export-led developing Asia had become even more tightly tethered to foreign markets than was the case a decade earlier. The export share of panregional gross domestic product (GDP) hit a record 47% in 2007, fully 10 percentage points higher than the portion in the late 1990s. With approximately 50% of those exports earmarked for the rich countries of the developed world, a rare and sharp synchronous downturn in the U.S., Europe and Japan undermined an increasingly important source of Asia's seemingly invincible growth dynamic. Far from celebrating a newfound resilience, the region was reeling from a severe...
...economic growth. To the extent that the Chinese experience is a microcosm of the broader Asian development model, Wen's "four uns" are very much a blueprint of what it will take to realize the aspirations of the Asian Century. Just as the financial crisis of the late 1990s was a wake-up call for the region to put its financial house in order, the global crisis and recession of 2008-09 is a strong signal for Asia to refocus the basic structure of its economic-development model...
...Change and growth have been the mantra for Asia for the past quarter-century. But the endgame of sustained economic development and rising prosperity continues to be a moving target. Developing Asia has enjoyed spectacular success in the decade after the wrenching financial crisis of the late 1990s. But, as they say in the investment business, a track record of success is no guarantee of future performance. The current global recession is an important wake-up call for Asia - a not-so-subtle hint to find a new recipe for its growth model. The Next Asia that emerges from this...