Word: betweens
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That fact has apparently been forgotten. The very concepts behind the American economy are now frowned upon as the sources of the global recession. Instead we hear praise of China's "state capitalism" - the notion that semi-command economics can work better than Economic Man. And what of America's...
The Next Asia will also have to come to grips with its inherent lack of coordination by exerting greater control over its fragmented economies, markets and political systems. China's four largest banks, for example, still have over 50,000 branches between them - branches that in many cases function autonomously...
The linkage between Asian growth and the American consumer bears special mention. The U.S. consumer is still the dominant consumer in the global economy. Although America accounts for only about 4.5% of the world's population, its consumers spent about $10 trillion in 2008. By contrast, although China and India...
Wen's "four uns" largely offer inward-looking prescriptions. But the Next Asia has much to gain from its external linkages - especially by focusing more on the benefits of cross-border economic integration. Perhaps the greatest opportunity in that regard could come from closer ties between the two greatest powers...
Re your article on Germany, "Divided They Stand" [Sept. 21]: No longer. The country has been reunited for 20 years now, and most people under 35 cannot even remember that Germany and Europe were once separated into two political blocs. The Iron Curtain and the Wall are long forgotten episodes...