Word: businessese
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Rajapaksa has been similarly noncommittal about Sri Lanka's economy, particularly in the north, which has suffered not just war but two decades of neglect. Aside from an application for an IMF loan, Rajapaksa's only major economic initiatives are a $1 billion port in his hometown in the south...
There is some fear in Taiwan that Ma's opening to China will accelerate a hollowing out of the island's economy by encouraging companies to move there, costing jobs. Ma's policy team, though, argues closer ties will boost the economy overall because it makes it easier for executives...
Similar efforts are being made across the island. In Kaohsiung, the government in 2008 opened a software park to spur tech start-ups alongside the city's traditional export factories. Nationally, Ma's administration has targeted six "flagship" industries for investment and development: biotech, health care, high-end agriculture, tourism...
"The problem with the French," former U.S. President George W. Bush purportedly once said in a snarl of disgust, "is they have no word for entrepreneur." That quote is probably apocryphal - which is a rather good thing for W. on more than just the linguistic score. French government officials this...
Not surprisingly, the scheme has accounted for more than half of all new companies founded thus far this year. "The auto-entrepreneur plan has been an impressive success, beyond what we'd been counting on," says Hervé Novelli, secretary of state for small- and medium-size businesses.