Word: exporters
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Joshi does not enjoy his packed travel schedule. But a system of quotas--originally put in place in 1974 to regulate a $350 billion-a-year global industry--limits the number of shirts, towels and other textiles any country can export annually to the U.S. and the European Union. As a result, the Children's Place--and every other American retailer--can't buy exclusively from the countries that make them most efficiently and cheaply, such as China, but must also order from less competitive places, such as Burma and Swaziland. "It's crazy: 80% of our clothing comes from...
...third panelist was Summers, who as chief economist of the World Bank signed his name to an infamous memo encouraging developed countries to export polluting industries to the third world. But more than a decade later, the University president was steadfast in calling for a solution to the problem of greenhouse gas emissions...
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...coat of arms: to lead is to serve. Instead of grounding a diverse nation, Parliament and executive governments have been the epicenter of corruption. Criminal behavior, dressed up as traditional kastom, has become entrenched. Logging licenses have been sold for a song, government figures have taken bribes to waive export duties. "These deals are not sophisticated at all. They're sealed with a cash payment," says a ramsi official. As well, there's the Rural Community Development Fund. In exchange for diplomatic recognition by the Solomons government, Taipei provides each of the country's 50 M.P.s with a slush fund...
...Gold Ridge gold mine, which closed down in 2000. One of ramsi's economic priorities is to revive the lucrative mine; another dormant project, a palm oil plantation, is closer to reality after a deal with a Papua New Guinean company. So tiny are the country's export industries that even these two mid-sized ventures will make a huge difference...