Word: exporting
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...Future reforms must tackle Japan's "dual economy," i.e. an efficient export-oriented sector but woeful inefficiencies in large parts of the domestic economy, such as food processing, home construction and many service sectors. A chief cause of this weakness is insufficient competition, either from homegrown firms or from imports. Japan has initiated many reforms in recent years to induce efficiency and profitability. These range from the financial "Big Bang" to a series of accounting reforms. There have also been a lot of mergers, acquisitions, and spin-offs. Some have led to greater efficiency, but others to less competition...
Having vanquished Venezuela's political establishment, Chávez has set his sights on bigger targets. Exploiting the fact that the U.S. gets about 15% of its foreign oil from Venezuela, he pushed the Organization of Petroleum Exporting Countries, of which Venezuela is a founding member, to pump up crude prices. In 1998, Venezuela's state-run oil monopoly, PDVSA, earned less than $14 billion in export revenue; this year it is expected to rake in almost $40 billion. In 2002 the White House was widely perceived to have backed a failed coup attempt against Chávez. (The Bush Administration denies...
...those of you who still get misty eyed about Phish breaking up, here’s a concert where no one will blink at your bloodshot eyes and inability to stop eating. Georgia export jam band Widespread Panic plays to a heavily B.U. crowd in the school’s arena. Don’t forget your...
...financial-market turbulence?we saw a mild version of this in May. Not only is it costly, however, for a country to build its foreign reserves to protect against such risks, it also hurts the global economy if the country holds down its exchange rate in order to export more to build those reserves. There needs to be an alternative, an IMF lending facility that provides assurance to countries that financing will be available if, despite sound policies, they are hit by turbulence?and that this funding will not have onerous conditions attached by the IMF, conditions that were...
...California is positioning itself to become the hub of a new clean energy economy based on solar energy, ethanol and other renewable fuels," says Bernadette del Chiaro of Environment California, a Sacramento-based group. "These will be the next Silicon Valley industries for California to export to the rest of the world...