Word: asianized
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...unmistakable undertone of many of the conversations I have daily is that Americans are a people whose time has come and gone. Asian policymakers tell me of the need to diversify their economies away from the U.S.; corporate leaders talk of building new businesses in other emerging markets; economists predict how China and India will make gains at the expense of the U.S. (See "Best Photos of the Year, 2008: The American Economy: Down...
...most dynamic and rapidly growing region in the world over the past decade, developing Asia has attained a new level of prosperity. From China to India, the region's per capita income has more than doubled since the wrenching Asian financial crisis of 1997-98. Since 1990, over 400 million fewer Asians are living in poverty on incomes of less than $2 per day. On the surface, the region has much to celebrate on the long and arduous road to economic development. Many believe the Asia Century is now at hand. (Read "Fortress Asia: Is a Powerful New Trade Bloc...
...China, he warned of an economy that was increasingly "unbalanced, unstable, uncoordinated and unsustainable." Little did he realize at the time how those "four uns," as they were later to become known, would pose an immediate and tough challenge to China's growth imperatives. Nor did he or other Asian leaders appreciate the broader implications of those insights for the region as a whole...
Perpetually stressed U.S. Treasury Secretary Timothy Geithner—an East Asian Studies graduate from Dartmouth—may finally have an assistant treasury secretary for financial markets (from Cornell) to help him out. Now it's up to the Senate to approve her, and we all know how long that takes...
...deadly allies remain a major threat to Pakistan's stability. In perhaps its toughest challenge yet, the Pakistan army is gearing up, after much reluctance, for a ground offensive in South Waziristan to target what remains of Baitullah Mehsud's group, more than 5,000 well-armed central Asian fighters known for their brutality, and Arab fighters belonging to al-Qaeda. From their eastern patch of South Waziristan, the militants have authored close to 250 suicide attacks across Pakistan in the last 2½ years and trained other militants who have spread the Pakistani Taliban's brutality across the northwest...