Word: exporting
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...break-away” province, Taiwan. We compete with China for natural resources and influence in the developing world. Now, the only reliable component of the equation, economic interdependence, is threatened by the global credit crunch, which is closing off China’s export markets and inducing it to spend more of its yuan at home, rather than in buying up U.S. treasury bonds...
...report authored last month by Katinka Barysch, of the Centre for European Reform think-tank, says they were merely following E.U. recommendations: opening their markets to trade and investment and selling their local banks to western European ones. It helped to drive the export boom of the past five years but left them more vulnerable to the crisis. Western banks have lent $1.6 trillion to Eastern Europe, but the crisis could see them pull back yank credit lines from their local subsidiaries, triggering a domino effect of collapsing financial institutions...
...former Soviet Union and managed military planning during the U.S.’s response to North Korea’s growing nuclear program in 1994. Carter also oversaw the Department of Defense’s Counterproliferation Initiative and managed the reform of DOD’s national security export controls. His colleagues at the Kennedy School said they were optimistic about his upcoming tenure in DC. “The Belfer Center [for Science and International Affairs] and Harvard Kennedy School will have a difficult time filling the void Ash will leave, but he is setting such a wonderful...
...program of infrastructure projects through the legislature, which includes funding for construction of better bridges and more subways. Singapore in January announced a $13.4 billion "Resilience Package" that will increase the country's budget deficit to a record level. Yet there is a limit to what governments can do. Exports are simply too important to the tiger economies to be easily replaced. They represented 74% of Taiwan's GDP and 46% of South Korea's in 2007. "You can't change the [export] model," laments Song Seng Wun, an economist at CIMB-GK Research in Singapore. "You just have...
...first layer of diversification must come in the makeup of the tigers' export markets by strengthening and extending trade links beyond the U.S. and Europe. Policymakers in Taiwan aim to do this by stimulating trade with other emerging markets, such as Russia, Brazil, India and the Middle East. Commerce within the region also needs a boost. The tigers need to "open up trade among the markets here, and to develop local goods that are attractive to local markets," says Joe Zveglich, assistant chief economist at the Asian Development Bank in Manila...