Word: americanization
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...should come as no surprise that Yang's latest work, co-authored by Korean-American comic artist Derek Kirk Kim, revisits those dark places where feelings of self-doubt and shame linger. But rather than centering on ethnic identity this time, The Eternal Smile's trilogy straddles the line between reality and fantasy. In its opening story, "Duncan's Kingdom" (previously published in comic-book form in 1999), a knight embarks on a dangerous mission in order to win the hand of his beloved princess, but along the way gets distracted - in a send-up of the grail quest...
...three tales is the theme of unrealized aspirations, forcing the protagonists to re-evaluate their everyday existences. Illustrated in three distinct styles, from Disney pastiche to childish simplicity and monochromatic detachment, this is poignant stuff. The Eternal Smile lacks the focus and anger that dripped from the pages of American Born Chinese, but like that work it stresses the importance of confronting reality - ironic, when comics and graphic novels are often labeled as fantasy by their detractors...
...could drive global growth - would have seemed absurd. After all, China's economy was dependent on manufacturing, which was in turn dependent on demand from the U.S., the world's undisputed economic locomotive. But that engine remains sidetracked. The IMF predicts the U.S. economy will contract 2.6% this year. American home prices continue to fall in some cities, while the unemployment rate has soared to 9.5%, the highest since 1983. The U.S.'s much ballyhooed stimulus plan has so far yielded little measurable benefit, save putting some spark back in stock markets. The absence of real signs of recovery...
...last year; China just 6.4%. Chinese consumption, in other words, is growing - but is still insufficient to lift the world's advanced economies out of recession. Consumer spending drives less than 40% of China's GDP; in the U.S. before the bust, the consumer accounted for almost 70%. With American shoppers now on the sidelines - the U.S. savings rate has soared from zero to nearly 7% in the past nine months as consumers have closed their wallets - the world desperately needs someone to step into that void. (Read "China Won't Ride to World's Economic Rescue...
...becoming ever more closely interconnected - and not just economically. We have become familiar with the way in which trade flows between China and the U.S. have grown exponentially. But there are now some 70,000 Chinese students at universities in the U.S., and an ever growing number of American business leaders and young people who consider a spell in China an important rite of passage...