Word: exportable
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Dates: during 2000-2009
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...Diversify Japan Inc. Japan must finally abandon the script it followed to become an industrial superpower. The global economic crisis has exposed the country's overdependence on its manufacturing-for-export model. GDP in the first quarter plunged a staggering 15.2% as demand evaporated for cars from Toyota, Honda and Nissan and for high-end electronics from Sony and Panasonic. Japan can no longer expect economic growth to be generated almost exclusively by a handful of powerful multinational manufacturers. Increased domestic consumption as well as investment in small- and medium-sized enterprises are needed to help drive economic growth. This...
Hatoyama will have to get the budget under control and help shift Japan away from the export-oriented economic growth that served it so well in its golden age of the 1970s and '80s. To accomplish that, Japan needs to boost domestic consumption. But its people will spend only if they feel economically secure, which is why thoroughgoing reform of the pension, health-care and unemployment systems is vital. Japan's current social-security programs hark back to an era of guaranteed jobs for life, which places unsustainable financial burdens on companies and individuals...
...these days, after a series of violent assaults and robberies on Indian students over the past 18 months that have strained relations between Australia and India, triggered riots and mass protests in Sydney and Melbourne, and threatened Australia's $15 billion international education sector - the country's third biggest export income earner after coal and iron...
...Both cut their teeth in the liquor industry - Galsworthy as a sales-and-export executive with Fullers Brewery and Hall as a strategist with Diageo - before setting up their new independent distillery label, Sipsmith. Their knowledge of the drinks business, combined with a passion for distillation, helped them spot a niche in the U.K. market for microdistilleries producing small-batch artisanal spirits. "We wanted to bring back the art of handcrafted spiritmaking," says Galsworthy. "So we developed a business plan, quit our jobs, sold our houses and went on the hunt for the first distiller's license granted in London...
...says Larry Birns, director of the Council on Hemispheric Affairs, creating "a society unable to fulfill expectations of a large portion of the population." Says Birns, "El Salvador simply can't afford a full-scale war on crime and gangs." And so the Maras will continue to grow and export themselves...