Word: exporters
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...half a million people are infected with HIV. Nearly one-third of children under five years of age are malnourished; of those who are healthy, some rural youngsters are forced to toil as child labor. The urban middle class doesn't fare too much better. Although Burma's main export is natural gas, most Rangoon residents can only rely on a few hours of electricity...
...percent of the country’s export revenue, natural gas sales are the lifeline of the Burmese junta. But Burma’s gas income does not trickle down to the country’s 52 million people, more than 30 percent of whom live below the poverty line. Rather, these petrodollars sate the junta leaders’ appetite for luxury goods and lavish mansions. More disturbingly, according to the Burma Campaign UK, nearly half of the government’s revenue goes to the military. These dollars paid for the guns that were used last week to shoot...
These days, China and the other countries participating in what some have called Bretton Woods II export so much more to the U.S. than they import, they find themselves with hundreds of billions of dollars that they don't know what to do with. Up to now they've been content to recycle most of them by buying Treasury bills and other U.S. securities. The U.S. has enjoyed the low interest rates that have resulted, while China, the gulf states and Japan haven't wanted to face the consequence that by selling dollars, they would decrease the value of their...
Carmakers aren't just targeting India. Tata Motors has plans to export its econobox to Southeast Asia and Africa. Ratan Tata, chairman of Tata Motors' parent company, Tata Group, believes his company can eventually sell as many as 1 million cheap cars a year worldwide. That may be a realistic assessment. Globally, up to 3.7 million such vehicles could be sold annually within the next few years, mostly in fast-growing markets like Brazil, China, India and Russia, says Abdul Majeed, a partner at PricewaterhouseCoopers in Chennai (formerly Madras). "It's all about affordability and fuel efficiency," says Majeed...
...health care did not appear to be the immediate cause of the snag in negotiations. The strike was prompted by GM's prospective production plans, particularly the construction of a new assembly plant in Mexico that could be ready to export vehicles to the U.S. in about one year. Surprised union members cited job security as the key issue as they walked out of GM assembly plants around Detroit. "They just told us we were going on strike and it was about job security," said one member of UAW Local 594 in Pontiac, Mich. only moments after the strike began...