Word: exporting
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Dates: during 2000-2009
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...global economic crisis dealt a blow to Japan's export-led economy, and there was little to fall back on. Domestic consumption and investment need to be closer to the center of economic growth, and that requires major change, including regulatory reform. Leaning less on export-oriented growth doesn't mean cutting back on exports if the government uses deregulation to stimulate domestic consumption, says Naohiro Yashiro, an economics professor at Tokyo's International Christian University. The DPJ plans to do that by increasing household income through monthly child allowances and the elimination of highway tolls, which should have...
...produce some of the world's best and most keenly priced wines but still catch flak internationally is obvious to anyone who has compared a thousand-bottle wine list in Cape Town to the tiny shelf of cheap table wine labeled South African in their local store. "We export the crud," says a manager at a leading Cape Winelands exporter, requesting anonymity...
...more recent date has some members of parliament and, especially, bureaucrats in the Oil Ministry concerned. That would be July 31, when parliament failed to pass a British-Iraqi security agreement. The British navy, which helped secure Iraq's gulf waters, then left the area. Now the oil-export terminals near Basra may be vulnerable - and the terminals facilitate over 70% of state revenue. The U.S. Navy has said it will pick up the slack, but eventually the Iraq navy must take responsibility. And it is still in training...
...aside, better than anticipated activity holds the hope that Europe may be following the U.S. in seeming to climb out of its deep economic stupor faster than expected - however gingerly. The challenge now is to sustain that improvement. Initial data released state statistics agencies indicates both French and German export boosts primarily benefited from renewed activity in Asia, which itself is at risk of waning. (See pictures of the dangers of printing money in Germany...
...Haven, Conn., investment-research firm, estimates that up to 30% of new bank lending this year has wound its way into equities. Why isn't the money going into new businesses? The evidence suggests that in key parts of the economy growth remains anemic, particularly the important export-manufacturing sector, which continues to suffer from the reduction in global demand. According to a report from Fitch Ratings in the U.S., Chinese lending continues to accelerate even though corporate profits overall are shrinking - suggesting that China may be incubating its own financial crisis that could be triggered when the adrenal rush...