Word: exporting
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...plywood chair bodies from local components manufacturers; and hired 20 friends to assemble the parts into finished products. Today his Heaven Office Furniture makes 1,000 kinds of office chairs, from executive models in black leather and chrome to squat cloth-clad cubicle standards. Zhu won his first export contract in 2004. He also attended the Cologne Furniture Fair in Germany and sent 80% of his $3 million output to 20 countries. Through a screen of plastic bamboo along his office window, he points out the new factory he's building next door. He shows off a United Arab Emirates...
...down on criminal gangs. I appreciate what he's done for Thailand. When he wants to do something, he takes responsibility and says, "This is my work." The economy is doing well under Thaksin. People have benefited from his policies. There's less unemployment. My sister runs an import-export business and she says it's getting better. At my hotel, there's a woman whose husband is a taxi driver. Thanks to Thaksin, who made it possible for ordinary people to borrow, he finally has the chance to own his own taxi. For years, he paid 500 baht...
...Long-Term Credit Bank, served to create an inkling of confidence. Companies began to clean house. Entire sectors of the economy were reorganized. Twenty steel businesses became four; nearly two dozen banks became three. Then China's explosive growth and a rebound in the U.S. kicked the fabled Japanese export machine back into gear. Firms began to invest again and, for the first time in almost a decade and a half, people started to look to the future. Unemployment stopped rising, and consumers, very nervously at first, started spending. Slowly, over the past three years a new dynamic has taken...
...Long-Term Credit Bank, served to create an inkling of confidence. Companies began to clean house. Entire sectors of the economy were reorganized. Twenty steel businesses became four; nearly two dozen banks became three. Then China's explosive growth and a rebound in the U.S. kicked the fabled Japanese export machine back into gear. Firms began to invest again and, for the first time in almost a decade and a half, people started to look to the future. Unemployment stopped rising, and consumers, very nervously at first, started spending. Slowly, over the past three years a new dynamic has taken...
...burden of action on the EU, because the U.S. feels only limited pressure to reform; the EU should be the prime mover in any transatlantic economic revival, acting quickly to fully realize its growth potential by coordinating a macroeconomic push to give some domestic substance to its fragile export-led recovery. Then the U.S., partially relieved from its role in the last fifteen years as the only industrialised world growth engine, could concentrate a much-needed attention on reducing its deficits. And the world would live as one?...