Word: asianized
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...Western delights that are Great's real points of difference, with the store boasting very wide Japanese, Korean and kosher selections alongside the Italian, German or French fare. Choose your sashimi or sushi, get some kimchi on the side, and then head over to nearby Hong Kong Park for Asian alfresco dining...
...investors is how richly to pay today for a stake in companies that will profit from these trends in the future. The Indian market trades at a 20% premium over other emerging markets, making it too pricey to jump into now, says Adrian Mowat, JP Morgan's chief Asian equities strategist. Jon Thorn, a portfolio manager at India Capital Fund, disagrees. "The long-term case for investing there is without question the best in the world. I'm going around to all my investors saying, Now is the time," Thorn says. "You need to buy when there are moments...
That's possible because India--the second most populous nation in the world, and projected to be by 2015 the most populous--is itself being transformed. Writers like to attach catchy tags to nations, which is why you have read plenty about the rise of Asian tigers and the Chinese dragon. Now here comes the elephant. India's economy is growing more than 8% a year, and the country is modernizing so fast that old friends are bewildered by the changes that occurred between visits. The economic boom is taking place at a time when the U.S. and India...
Among policymakers in Washington, the new approach can be explained simply: India is the un-China. One Asian giant is run by a Communist Party that increasingly appeals to nationalism as a way of legitimating its power. The other is the largest democracy the world has ever seen. The U.S. will always have to deal with China, but it has learned that doing so is never easy: China bristles too much with old resentments at the hands of the West. India is no pushover either (try suggesting in New Delhi that outsiders might usefully broker a deal with Pakistan about...
...screens in midtown Manhattan as in an Indian neighborhood in Queens. The literary world has learned to pronounce Vikram and Amitav and Jhumpa, and an Amrita Sher-Gil can fetch as much as a Warhol at auction. A click on the Internet instantly conveys the burgeoning scope of South Asian cultural confidence, yielding details of hundreds of art galleries, concerts, readings, plays and indie films. When I was invited back to Harvard for a South Asian night in 2001, I was ushered into a hall brimming with 1,500 heads of shiny black hair. "They'd better be careful...