Word: exports
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Dates: during 2000-2009
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...this year, by far the best performance among major markets. Nations that depend on producing commodities, such as Australia and Brazil, have benefited immensely over the past six months as demand from China has driven up the price of raw materials. Helped by trade with China, Asia's export-driven economies are sputtering back to life. Overall, the International Monetary Fund (IMF) forecasts that in the three years from 2008 to 2010, China will, astonishingly, account for almost three-quarters of the world's economic growth. Not surprisingly, China has now become the focus of a world that is looking...
...Over the past few weeks, Hamburg police at the shipyards have turned up 43 cars that had been declared scrapped but were illegally earmarked for export to buyers in Africa and Eastern Europe. The numbers so far seem small, but some law-enforcement experts warn that as many as 50,000 cars destined for the scrap heap have already been sold illegally - at the expense of German taxpayers...
...nearly every car - new or used - passes through its docks on the way out of Germany. And this week, the police charged with patrolling the harbor released evidence showing that Germany's hugely popular cash-for-clunkers program may have some unintended beneficiaries: organized-crime groups and individuals who export the old cars to the Third World instead of crushing them into scrap. (Watch a video on how the cars-for-clunkers process works...
...Export-control officials dispute the experts' estimate that up to 50,000 cars that should have been scrapped may have actually been sold. But there is no statistic to prove or disprove the claim. The cases that are known, such as the cars recently discovered at the Hamburg port, have sparked political furor - not surprising in an election year. Finance Minister Peer Steinbrueck demanded an investigation into suspected abuse, while the opposition Free Democrats called for establishing a special police unit to crack down on any clunker-related fraud...
...power of the bazaaris as a whole has been slipping. As Iran's economy slowly re-entered the global economy over the past 20 years, certain bazaar members made out well as long as they could maintain special relationships with the government, which handed out licenses to import and export goods and gave more favorable exchange rates to certain traders. But ironically, as postrevolutionary Iran's economy diversified, with malls sprouting up in Tehran neighborhoods that catered to the tastes of an expanded middle class, the bazaar may be slowly losing its central place in Iranian social life. Still...