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...working to change that attitude mostly because in African Americans they see investment possibilities and start-up capital that this country badly needs. Although Ghana is in much better shape than many other African countries, its GDP is $9.4 billion, or about $420 per capita, which ranks below most Asian countries. "The potential for economic impact is very significant," says Jake Obetsebi-Lamptey, Ghana's Minister for Tourism and Diasporan Relations. "As you look around now, you see the role African Americans are playing in the corporate world, as mechanical engineers, architects, doctors--right across the gamut...

Author: /time Magazine | Title: Ghana's New Money | 8/21/2006 | See Source »

...resources (Brazil, Chile) get pulled along when commodity prices shoot through the roof. Meanwhile, as many countries undergo structural changes, like floating their currencies (South Korea, Indonesia), the idea of investing in places that come with some pretty scary memories (the 1980s Latin American debt defaults, the 1997 East Asian financial crisis) becomes remarkably more palatable...

Author: /time Magazine | Title: global investing: The Allure of Over There | 8/20/2006 | See Source »

...capita alcohol consumption barely notches three liters a year, is not that much different - and yet it recently became home to a branch of La Maison du Whisky, an award-winning whisky stockist headquartered in Paris. The new offshoot, tel: (65) 6733 0059, hopes to educate the Southeast Asian market - as well as provide succor to thirsty visitors and the area's sprinkling of whisky fans - with its splendid selection of 700 premium blends and malts, housed in the new Pier complex at Robertson Quay. Selections range from simple blends (you can pick up a bottle of Murphy...

Author: /time Magazine | Title: Distilled Wisdom | 8/16/2006 | See Source »

...will fall to Koizumi's likely successor, the hawkish Chief Cabinet Secretary Shinzo Abe. Both China and South Korea have signaled their willingness to give Abe a chance once he takes power, to allow him to begin to repair the immense damage that Koizumi has done to Japan's Asian relations. But with national pride is surging in Japan - on Wednesday the government reacted furiously after a Russian patrol boat opened fire on a Japanese fishing boat sailing in disputed waters, killing a fisherman - Abe would need to show real statesmanship. "It would take a Prime Minister...

Author: /time Magazine | Title: Between the Shrine and a Hard Place | 8/16/2006 | See Source »

...eventually. Many observers assume that his past record means he will make the trip as Prime Minister at some point. But with Abe's proven conservative bona-fides, he might be able pass on Yasukuni without paying a serious political price at home -- if he thinks salvaging Japan's Asian relations is worth the risk. "It could be Nixon goes to China," says Dujarric...

Author: /time Magazine | Title: Between the Shrine and a Hard Place | 8/16/2006 | See Source »

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