Word: asianized
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Dates: during 1990-1999
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...entire economy, a wager so outlandish that foreign bankers in Jakarta have trouble concealing their admiration for his audacity even as they despair of his cavalier approach to balance-sheet realities. His brinkmanship has scared the IMF, which sees its worldwide credibility put at risk, and terrified other Asian countries, which fear that Suharto could suck their economies down with...
TIME: What is the most important lesson from the Asian crisis...
Camdessus: The Asian crisis is a formidable impetus for us to continue our efforts to achieve good governance, to make institutional changes, to fight against corruption. It's alleged that the IMF applies the same medicine in all countries. Look at the programs in Thailand, Korea and Indonesia. The medicine in each instance is very, very different. If you will take them, you will see how strongly centered they are on fighting chronic corruption, monopolies and bad procedures. If these programs end up making the countries stronger, it will be because they make a strong effort in correcting these governance...
...Overproduction and falling demand caused by the Asian economic crisis and the unusually mild winter has sent oil prices plummeting, while cheating has bedeviled OPEC?s attempts to reverse the trend by cutting production. ?Venezuela has been notorious for cheating,? says Baumohl. ?Although in the new agreement they?re going to cut back production by 200,000 barrels a day, they were, in fact, producing 700,000 barrels more than their OPEC quota allowed,? says Baumohl...
Popping up all about are mentions of the southeast Europe Film Festival, which, if true to its name, promises an instructive, highly entertaining, highly disturbing collection of alienation flics. Bully, too, for the ArtsFirst Film festivals-- look for an Asian Film grouping and the usual crowd-pleasing student films (who can forget the trip though Widener, or the reminiscences about Star Wars). Of course, film societies would give rise to more of these lovely, day-long, celluloid organisms, but Harvard hasn't seen a healthy film soc community since the days of helping out a friend's rough first time...