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...still a developing country. Both China and India are likely to resist calls to make any sharp reductions to their emissions anytime soon, even as they - and other developing nations - ask for billions in assistance from rich nations to deal with the climate change they're helping to drive. That's a formula for deadlock - which is exactly how the most recent round of negotiations ended, at a meeting in Bonn in mid-August, with a 200-page document that included more than 2,000 points of disagreement. "We are nowhere near any kind of agreement for climate change," says...
...global recession has again exposed the structural weaknesses that plague Japan: overdependence on exports to drive economic growth, anemic domestic demand, inefficient enterprises and barriers to competition. It's no secret that the root of all of these problems is demographics. An aging population is shrinking Japan's labor force and consumer market. The country's working-age population (aged 15 and over) has declined 2% since 1999. Over the same period, the number of workers aged 65 and up expanded 19%, while the labor force of workers aged 25 to 34 shrank 9%. (Read "Japan: Stimulating the World Markets...
...course, critics are right that the program will probably drive up the price of used cars for poor people who need them and will have only a marginal effect on the long-term prospects of the auto industry. Subsidies don't so much increase demand as kidnap it, inspire people to take the money they were saving for a new fridge and apply it to a pickup instead. As for the environmental benefit, the new fleet will save about 160 million gal. of gasoline a year--which sounds awfully good, except that we use 378 million...
...drive toward development cannot be denied-after the demise of Maoist ideology, growth is the key base of legitimacy for the ruling Communist Party. But it can be harnessed and made compatible with environmental protection. In the words of Shanghai-based environmental lawyer Charles R. McElwee, "the old-fashioned green" of money has become equated with "the new green" of such industries as alternative fuels and energy-efficient materials. That's not as far-fetched as it sounds. In fact, as the Climate Group outlined in an August report, China is already a global leader in environmental technology...
Seoul remains wary of the North's plea for direct negotiations with Washington, given Pyongyang's long history of trying to drive a wedge between South Korea and the U.S. But the official in Seoul stressed that should bilateral talks occur, Lee has confidence that the Obama Administration would be completely transparent in sharing information and in shaping any policy response in conjunction with its close ally in Seoul. South Korea, in other words, won't object strenuously to direct talks should they come...