Word: asianized
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...nimblest. When Fung took the firm public in the early 1970s--the first Chinese trading company to list on a stock market--he displayed his knack for timing. Unencumbered by generations of cousins and uncles, Fung was able to take advantage of the dawn of the roaring Asian tigers, moving his manufacturing operations to Taiwan and South Korea, then Thailand, Indonesia and the Philippines, networking with Asia's entrepreneurial Chinese diaspora. Today about half the firm's manufacturing is done in China. "The truth of the matter is, as things shifted, we were better at doing things because...
...Harvard Business School professor whose name is often raised as a possible future leader for Hong Kong--is chairman. At the family's weekly Sunday brunches at a mountainside luxury tower that houses three generations of Fungs, the brothers usually pair off to talk shop. But unlike many other Asian companies, which are treated as opaque clan fiefs, Li & Fung produces a straight-talking triennial three-year plan, and the brothers are regularly ranked as top managers in Asia...
...While 3% may not seem like a huge amount, Pei notes that it is roughly equal to China's total annual education spending. There is a less tangible but more dangerous cost. Government graft "undercuts the legitimacy of the Communist Party," says Dali Yang, director of the East Asian Institute at the National University of Singapore. "Ruling élites, perceived by the population as irredeemably rapacious and self-serving, enjoy little popular legitimacy and would more likely get overthrown if a major [economic] crisis hits," says...
...Puebla's singular blend of indigenous, Spanish, Arab and even Asian influences has resulted in one of Mexico's most compelling cuisines. At La Purificadora, young Mexico City chef Enrique Olvera serves Mexican tapas such as figs with shredded Oaxaca cheese, which he pairs with 1950s-styled sparkling waters, inventively flavored with everything from tamarind and ginger to green tea. No visit to Puebla, however, is complete without experiencing the local specialty, mole poblano. This chili-based sauce is laced with up to 30 ingredients, from almonds and sesame seeds to cinnamon and chocolate, and the mole served at Casareyna...
...could feel themselves to be, as Prime Minister Robert Menzies would later put it, "British to the bootheels." But today the picture of exclusionary Australia, the continent-size British island just below Asia, has almost faded away. The White Australia Policy, that disgraceful provision whereby no one of Asian or black descent could settle in Australia, was abandoned in the 1960s, never to be revived. Whole suburbs, like Cabramatta in western Sydney, have become Southeast Asian enclaves. Though Australia admits only some 85,000 legal immigrants a year, a minuscule fraction of its population, the Asian component is very visible...