Word: exportations
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...were hard hit by the shrinkage of the export market in the U.S. and Europe, because exports account for 64% of our GDP growth. So one lesson we learned is we should diversify our export markets - we need to look to emerging markets and oil-producing countries. Secondly, we should diversify our export industries - we depend so much on IT industries. Third, we have designated six industries as future flagship industries: green energy, tourism, biotechnology, refined agriculture, and the cultural and creative industries. We are keenly aware these industries in 5 to 10 years will be the major industries...
...endangered species and vanishing habitats, which you address in your cover story, but we need to begin to deal with the root problem: the exploding population of human beings [April 13]. How about a sterilization credit, like a carbon credit, to encourage people not to reproduce? We need to export and help finance information about all forms of birth control in all parts of the world, including the U.S. We have no trouble making decisions to limit the numbers of other species we deem overabundant, so why not our own? Ann B. Anderson, Atlanta...
...banks clamped down on lending in late 2008, hamstringing global trade. But China, the world's third-largest economy, is likely a more crucial factor in the turnaround. China sits in the middle of an increasingly important trading system within Asia. Countries like Japan, South Korea and Indonesia export capital goods, components and raw materials to China, where they are used to manufacture final products for shipment to the West. This network broke down as demand in the U.S. and Europe shriveled, but economists say China's stimulus program might be filling in some of the lost sales. Programs...
...There is still a limit to how far Asia can rebound on its own. Demand in the U.S. is simply too important to Asia's export machine for the region to experience a full recovery without an increase in American consumer spending. There are recent signs, however, that U.S. demand might also be poised for a rebound. The Conference Board's consumer confidence index rose in April by the most since 2005, signaling that American shoppers might be ready to start buying again. The U.S. government also revealed in late April that inventories in the U.S. fell by a record...
...While cutting off aid to Pakistan entirely would be a poor decision given the critical situation on the ground, it is important for the United States to reconsider its current policy of unconditional aid to the Pakistani government. In the 1980s, the George H.W. Bush administration wisely imposed arms-export controls on Islamabad, ending the export of nuclear-capable F-16 fighter jets when confronted with evidence of Pakistan’s underground nuclear program. These restraints were tightened on President Clinton’s watch when Pakistan exploded its first nuclear bomb in May 1998. But, after the Musharraf...