Word: blocs
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...market expected to soar, Bangladesh alone could lose a million textile jobs, warns John McGhie of Britain-based Christian Aid. But there's also concern for producers closer to home. The E.U. took in around 20% of global textile and clothing imports in 2002. With China already the bloc's biggest supplier, the end of quotas "will have serious consequences for the European industry," says Bill Lakin, director-general of European trade body Euratex. Brussels could yet trigger safeguards should Chinese imports explode. You can be sure it won't need 10 years to do so. The Schroders' Pet Project...
...credited with steering the country through the turbulence of the 1998 Russian economic crash. Tapped by President Leonid Kuchma as Prime Minister a year later, Yushchenko alienated Ukraine's financial oligarchs and overshadowed his unpopular boss, who fired him in 2001. As head of the Our Ukraine opposition bloc, he has become a skilled political adversary, leading meticulously planned demonstrations and framing the election in stark, eloquent terms. "Our choice is very simple," he said just before the runoff. "Either we live according to the code of ethics of the criminal underworld, or we live like free and affluent people...
...flourished in one of the world's most corrupt economies, and they trust that he won't rock the boat. If Yanukovych seems a throwback to the Soviet era, Yushchenko, 50, wants to bring Ukraine into the free-market age. In opposition, he turned Our Ukraine into a powerful bloc that's threatening to undo the current ruling clan's lock on power...
...national character and its backing by the clerical leadership and the two most popular parties in Iraq (SCIRI and the Dawa) make the Iraqi United Alliance favorites to emerge as the largest bloc in the National Assembly - particularly given the fact that substantial numbers of Sunnis are expected to stay away from the polls, thereby amplifying the power of the Shiite vote. Not all Shiites will vote for the UIA list, of course, but it is well-placed to carry a majority of them. Allawi has the advantage of greater access to the government-controlled media, but the Shiite list...
Fortunately, this country is not the only champion of free trade in this world. A practice that fundamentally improves people’s well being can seldom stay rare. The expansion of the E.U. bloc is well covered in the media, but the changes afoot in Asia are more remarkable. Abdullah Badawi, Malaysia’s prime minister, suggested that a summit of members of the Association of Southeast Asian Nations (ASEAN) plus Japan, South Korea and China could form the basis of an East Asian Community, modelled on ASEAN’s own plans for free trade and further...