Word: asia
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Dates: during 1990-1999
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Although recession looms large in Latin America, a slow and painful bottoming out of the crisis is occurring in East Asia. But the return to growth will be very gradual, barring any other unforeseen disruption. In this respect, the ability of China to manage the stability-growth-reform trilemma in an increasingly difficult environment is an ominous question mark. In the same vein, the issue of when Japan will start to become part of the solution to global economic woes instead of being part of the problem remains open...
...global economy also requires different structures for policy coordination. The enhanced role that emerging-market economies play in the global system calls into question the relevance of the present Group of Seven structure of world economic summitry. As events and decisions in Brazil, China and East Asia contribute heavily to stabilizing the economic system or wreaking havoc on it, it is about time that an economic and monetary policy coordination structure be put in place that integrates the new important players--even if this means that some members of a previously exclusive club will lose their privileges...
...most worrisome problem is the trade deficit, now running in excess of $150 billion annually. The humming U.S. economy is sucking in imports, while struggling economies in Asia and Latin America have cut their purchases of American goods and services. The result is a current account deficit--the measure of net dollars owed to other countries--of some $226 billion in 1998. Courtis says if the U.S. runs a current account deficit of 2.5% of GDP--lower than his 1999 estimate--for the next four years, "the U.S. net external debt in 2003 will be over $2 trillion, which...
...these protests happened in February 1999, and the targets of students' outrage are the sweatshops in Asia and Central America where the vast majority of university-licensed clothing is manufactured. Today, administrators from all the schools of the Ivy League will be meeting to decide the fate of those sweatshops and their abused workers...
...brand-name investing lost all its allure? I don't think so. After shying away from Coke for many years, I have dipped my toe in, as the dollar's recent weakness, coupled with some fresh positive trends in Europe and Asia, could bring a return of more consistent growth. My fears have diminished only because Coke has surprised to the downside so often lately that I think the worst may be over. Much of the bad news may be, at last, priced into the stock. Nevertheless, with Coke selling at 40 times this year's expected earnings...