Word: exportability
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...case of South Korea, one almost thinks, at times, too robust. And yet, as Obama pointed out, they have been able to maintain their cultural heritage; more than that, as anyone who buys Japanese designer goods or watches South Korean TV soap operas knows, they have been able to export their cultures around the world. (See pictures of Obama in Egypt...
...bridges, schools, hospitals, highways, railroads - on which China plans to spend about $450 billion over the next several years. Announced in November, this pumped-up New Deal is aimed at more than cushioning China's economic fall as the global recession bites deeply into the country's manufacturing and export sectors. The new projects will make it much easier for commerce and people to move around China, hence stimulating domestic demand and reducing China's economic reliance on exports, vital as rich world consumers rebuild their balance sheets and international trade contracts...
...recovery to last beyond the end of the year, China's crucial manufacturing and export sector must revive. Otherwise, Wood says, stimulus spending could result in a "skewed outcome": billions of dollars in loans made to artificially boost growth could start to go bad, dragging down China's banks; at the same time, the country would remain saddled with a glut of factories producing a vast surplus of goods no one wants...
...nation's beleaguered police. Yesterday evening, pubs and clubs fell silent as 20 million people tuned in to a TV show to see a question of global significance finally resolved. The final of Britain's Got Talent wasn't just about whether Susan Boyle - Scotland's least processed export since steel-cut porridge oats - would triumph. Nor were viewers drawn simply by the lure of car-crash television amid frenzied media speculation that Boyle or some other vulnerable contestant might crack on camera. The BGT final was nothing short of a referendum on Britain, a chance for a country beset...
...Kudrin said that even a 5% budget deficit - lower than Medvedev's new prediction - would be enough to exhaust the government's $113 billion Reserve Fund, which is generated mostly through oil and gas export revenues. But he said that since the government is tightening spending and basing its budget on "conservative" oil price forecasts of $50 a barrel in 2010, $52 in 2011 and $53 in 2012, he believes the fund could begin replenishing itself as early as in 2011. Part of the reason for Russia's current predicament is earlier over-optimistic estimates for oil revenues, which make...