Word: asianized
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Dates: during 1990-1999
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Rudenstine cited East Asian Studies as an example of the importance of preserving what may at some points in history seem obscure subjects. Harvard was investing in these studies more than a century ago, though only a handful of students cared enough to concentrate in this area...
Today East Asian Studies is one of the most highly subscribed concentrations and one of most pressing areas of international concern, Rudenstine said...
...addition, the preface to this third question was indicative of a deep-seated prejudice against Asian-Americans. Jiang specified that the question was to be from an "American," which, under the circumstances, could only have been interpreted by Ezra F. Vogel, director of the John K. Fairbank Center for East Asian Studies, as someone not of Asian descent. This incident reveals the sad truth that by appearance, Asian-Americans are considered Asian first and must prove that they deserve to be called "American" as well...
...Only 4% of America's exports land in the more problematic Asian nations--Indonesia, Thailand, Malaysia and the Philippines--not nearly enough for troubles there to seriously cut into the earnings of U.S. companies, at least not directly. In fact, the Asian problems might not have even registered with American investors if not for the fact that stock prices in the U.S. are so high that they have become hypersensitive to any and all adverse news. "It doesn't take much to derail a market that has gone to the moon," says Stephen Roach, chief global economist for Morgan Stanley...
...dread scenario goes something like this: the emerging Asian economies--Thailand, Malaysia, Indonesia, Singapore and the Philippines--either slow sharply or sink into recession, and the ills spread throughout the rest of Asia, including Japan, which ships nearly half its exports to those countries. Japan's already sluggish economy buckles further, and because it is America's third largest trading partner, its difficulties are felt in the U.S., and ultimately throughout the world...