Word: asia
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Dates: during 2000-2009
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...Still, for the country it was a tumultuous time. The Asian financial crisis had devastated what had once been one of East Asia's fastest-growing economies. Kim privatized state-owned companies and jump-started South Korea's IT sector. After getting $60 billion in loans from the IMF in 1997, South Korea became the first East Asian country to, in effect, graduate from its oversight, paying its IMF loans back faster than any other East Asian country, in 2001. (See lessons from Asia's financial crisis...
Jason Motlagh's travel to Afghanistan and South Asia was funded by the nonprofit Pulitzer Center on Crisis Reporting...
...Today, the surge of political change during that momentous era, from Eastern Europe to Eastern Asia, seems like an inevitability. Back then, it felt like an impossibility. No one was more surprised than the bespectacled widow who admitted that she didn't even like politics and might just as easily have ended up spending her days pruning her beloved bonsai. Nevertheless, in 1986 Aquino made People Power - and People Power made the world we now inhabit a freer place. "When we were struggling with apartheid," recalls retired Archbishop Desmond Tutu, the moral force of South Africa's political change...
...warping of an ideal must have distressed Aquino, who was one of the few opposition leaders to succeed as commander in chief. Just three days after a pair of Marcos allies defected from his camp because of the egregiously rigged electoral result that favored a decaying dictator over Aquino, Asia's first female President was sworn in. At the time, Cory Aquino took office as little more than a symbol: the grieving widow of opposition politician Benigno (Ninoy) Aquino Jr., who was gunned down at the Manila airport just moments after returning from exile in the U.S. (See Aquino...
...first revolution to be fully televised. By way of 24-hour cable news, the world witnessed four days of the military-civilian rebellion, a preview of similar uprisings that would later shake out the autocracies of Asia, Latin America, Eastern Europe and the Soviet Union. In a sweep of U.S. helicopters, Marcos was whisked off to exile in Hawaii, and Aquino was proclaimed President of the Philippines. It was a most astonishing political story. Time named her Woman of the Year at the end of 1986, the first female to hold Time's annual distinction on her own since...