Word: east
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Dates: during 2000-2009
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...contrast, East Asian economies have robust balance sheets, except for Japan. Unlike the U.S., China and South Korea do not need to print money to fund their stimulus packages. And their spending is geared toward the future rather than toward mopping up the excesses of the past, as the U.S. must do. Green projects account for 81% of South Korea's economic-stimulus programs and 38% of China's - the proportion in the U.S. is just...
...Above all, East Asians appear more committed to a green agenda than Americans. South Korea has adopted "low-carbon green growth" as its new national vision and will spend $40 billion over four years to transform its industrial policy into "a new paradigm of qualitative growth which uses less energy and is more compatible with environmental sustainability," in the words of Prime Minister Han Seung Soo, whose previous job was special envoy on climate change for the U.N. Secretary-General...
...Will East Asia win the green race? The Europeans, who are leading the way on carbon-trading, are very much in the game, particularly in recycling and solar and wind power. Japan, China and South Korea also have some delicate issues to settle. One of the most contentious is likely to be intellectual-property protection, which is not particularly strong in China. And the U.S. may still be a contender. Sputnik sparked an extraordinary American effort that culminated in Neil Armstrong's 1969 moon walk, which sealed the U.S.'s supremacy in space. Last month, Washington launched a $25 billion...
...Those records, in both men's cases tarnished during the 1998 riots and the breakaway of East Timor the following year, is enough to convince some voters that SBY remains the best man for the job. "SBY may be a bit dull and is not about fiery rhetoric, but at least he has stood behind his principles," says Hidayat Jati, an executive in the media industry. "Even his in-law [former central banker Aulia Pohan] has been put in jail for corruption. People like seeing that the élite are no longer above...
...similar initiative is taking place at Traffic, the Middle East's only contemporary-design gallery and store, and the brainchild of Dubai native Rami Farook. Here too, a growing group of regional unknowns is struggling to gain attention. Annual design competitions have confirmed Farook's earliest suspicions that the expertise not only exists in Dubai, but can also hold its own against the imported competition. Farook put his faith to the test earlier this year, when he initiated Traffic's manufacturing division - producers of the city's first range of locally designed furniture...