Word: asianness
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...world, particularly those in the U.S. The strategy proved wonderfully efficient. It attracted investment capital, generated factory jobs for impoverished farmers, established infrastructure to supercharge commercial development and otherwise produced wealth that South Korea could never have generated by itself. Eager to raise living standards in their own countries, Asian policymakers and business people latched on to that formula. The economies of South Korea, Taiwan, Hong Kong and Singapore did so with such success that they became known as the Asian tigers. Their growth model produced miracles--and, as Park said in a 1965 speech, exports were "the economic lifeline...
...Consumer spending in the U.S. dropped at a rate of 4.3% in the fourth quarter of 2008, the steepest quarterly decline since 1980. Because roughly 25% of Asia's exports ultimately end up in the U.S., the region's manufacturing powerhouses are helpless to counteract this crash. Trade among Asian countries is also plummeting, since much of this intraregional commerce is indirectly dependent on the West. A high percentage of Taiwan's trade with China, for example, is made up of electronic components shipped to Chinese factories for assembly into finished products that eventually appear on U.S. store shelves...
...Asian leaders and policymakers for years have recognized the need to reduce their dependence on exports. Now that need has become urgent. Export-led Asian countries must diversify their economies by promoting domestic consumption, expanding service sectors and strengthening and extending trade links beyond the U.S. and Europe. Some moves are already under way. Shortly after South Korean President Lee Myung Bak took office last year, he launched a program to improve the service sector by increasing financial aid to targeted businesses and reducing red tape. Singapore is making strides in attracting biotechnology and private-banking businesses to the city...
...participants of the IOP to be more diverse.” Representatives on the Council include Timothy D. Turner ’09, president of the Black Students Association, as well as the political action chairs from the Chinese Students Association, the Black Pre-Law Association, and the South Asian Men’s Collective, according to Cox, who said around a dozen students regularly attend the meetings held once every two weeks. Cox said the IOP has engaged in diversity initiatives before, but that McGee’s plan represents a distinct approach. “Honor gets...
...been the first woman of color in the U.S. Congress but had also co-authored Title IX, the landmark amendment that banned gender discrimination in federally-funded education and sports programs. “It was a great way to look at history differently through the eyes of an Asian-American woman,” Bassford says. Drawing upon hundreds of photos and newspaper clippings from Mink’s relatives and from Library of Congress archives, Bassford traced a life of struggle and perseverance. When Mink was elected in 1965 to the U.S. House of Representatives, one headline read...