Word: 1990s
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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...
...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...
Taking a long-term view might also have helped better predict Islamist terrorism in the 21st century. MI5 was slow to realize the potential threat, as it was busy dealing with IRA campaigns in the 1990s. It's not until 2003 that MI5 grasps that the radicalization of minority British Muslims is leading to terrorist attacks on British targets. (See pictures of terrorism...