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The second layer of diversification requires reducing overall dependence on trade by promoting domestic consumption and expanding service sectors. Park Chung Hee's growth model discouraged investment in domestically focused sectors and consumer spending - both of which could provide a cushion to Asian economies in global downturns. Vestiges of his...
In Afghanistan, history literally crunches underfoot. The country's location at the crossroads of Asia's major trade routes drew merchants, artisans, nomads and conquerors. The ruins of Balkh, along with those of hundreds of other ancient cities and religious sites, speak of a rich heritage that spans centuries as...
Christakis notes that peanut and other food allergies are a real problem; it's the community reaction to them that is getting out of hand. According to the Centers for Disease Control and Prevention (CDC), the percentage of U.S. children under 18 with a reported food allergy jumped 18% from...
But technology, like the wind itself, is just one more part of the reason for Denmark's dominance. In the end, it happened because Denmark had the political and public will to decide that it wanted to be a leader - and to follow through. Beginning in 1979, the government began...
Markopolos has made several recommendations to the SEC, including moving the commission to the financial centers in New York and Boston, finding more trained "foxes" who know the business, the creation of a "super agency" that would have teeth, or the total disbanding of the agency and turning things over...