Word: exporters
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That raised the hackles of Canadian Environment Minister David Anderson, who snapped that the Bush-Chretien discussion will be "brief." The Prime Minister "will tell the President that we have a policy of not exporting water, and that, I guess, will be it." Bush's casual comment, though, lent encouragement to a handful of Canadian entrepreneurs who for years have been promoting schemes to export their country's plentiful water. "It's going to happen for sure," says Gerry White, president of McCurdy Enterprises, a real estate and construction firm in Gander, Newfoundland. "Trying to stop people from selling water...
Tourists scoop up some of the illicit bargains, but the best artifacts are bought by dealers filling orders from Europe, the U.S. and South Africa. Using a letter from the N.C.M.M. permitting him to export contemporary arts and crafts--but not antiquities--Lagos dealer Chinedu Idezuna recently booked a crateful of works onto a flight to Amsterdam. "Customs officials check the shipment for narcotics, for this and that, but because I've got the letter, I'm fine," he says. "Our government doesn't permit it, of course, but we gallery owners get [objects] out by telling [customs officials] that...
...number of Noks, including a "fine large-size sculptural terra-cotta, low-fire ceramic human head" with a minimum required bid of just $2,300. A woman who answered the phone at the gallery insisted that the items were "certifiably genuine." When asked about Nigeria's prohibition on the export and sale of Noks, she replied, "Maybe they were here before this law was passed...
...could depend on the one country in the neighborhood that is not in bad shape: China. The forecasts for China's future are a bit like harried traffic cops on Shanghai's streets pointing in two directions at the same time. The nation is not nearly as vulnerable to export slumps because its own consumers are spending like mad on everything from cars to vacations at Angkor Wat. That could well keep growth rates at the current 7%. But China also has other big problems?most notably corruption?that threaten to stifle growth. Either way, there is a general consensus...
...That is a very stark message, given that export manufacturers are about the only thing that has fed Asia's economies for the past three years. If China takes this vital source of nourishment away, and Asian countries don't clean up their economies so that new industries in new sectors can develop, their only hope might be to wait for another speculative bubble. Anyone got a hot property...