Word: exporting
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...Somalia is also a libertarian nightmare. Private enterprise built schools, universities, postal services and a thriving export trade to the Middle East in watermelons, mangoes and camels. But it also strengthened the hand of the warlords who maintain private armies, private tax regimes and personal interpretations of the law. And without a government to enforce a monopoly of legal interpretation and sanction, Somalia has atomized into its ancient form - a collection of hundreds of clans, sub-clans and sub-sub-clans, making Mogadishu less a city than a collection of tribal neighborhoods. As a 22-year-old Berkeley political science...
...face for Jordan's King Hussein, whose most recent attempt to buy U.S. weaponry was turned down by the Reagan Administration as politically too risky. Leaders of other moderate Arab states, who live in daily fear of the brand of radical Islamic fundamentalism that Iran is sworn to export, were appalled that Washington would consider giving so much as a bow and arrow to Tehran. Last week, in an interview with the semiofficial Cairo daily Al Ahram, Egyptian President Hosni Mubarak predicted that the arms deal will lead to "grave consequences" in the Middle East...
...first glance the promotion of Special Economic Zones (SEZs) would seem unlikely to attract much controversy. Many developing countries have used such enclaves to encourage foreign investment and manufacturing growth. India was, in fact, the first country in Asia to demarcate a special economic enclave when it introduced an "export processing zone" in Gujarat in the mid 1960s. But in the past few years, the country has been playing catch-up with places such as China, which used SEZs to kick-start its own incredible economic expansion almost three decades ago. India attracts barely 10% of the foreign direct investment...
...Perhaps stung by the mounting criticism, the Congress-led government this week decided to stop approving new SEZ applications until it can sort out some of the more contentious issues. There is talk that New Delhi will force any company operating in an SEZ to export at least half of its production. Whatever India's leaders do, you can be sure they will have one eye on public opinion, a handicap their Chinese counterparts rarely have to deal with...
...factor that could weigh on China's continued export growth is its strengthening currency. After years of urging by Washington, Chinese authorities have allowed the yuan to rise about 5% against the dollar over the past 18 months. That makes Chinese goods more expensive in America, and the pinch is already being felt by some of China's manufacturers of textiles and other low-end merchandise. The annual trade fair in Guangzhou, a city at the vanguard of China's march toward capitalism over the past two decades, was overcrowded as usual last October with prospective foreign buyers of toys...