Word: following
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Dates: during 1990-1999
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...plan, of course, baldly flouts all the IMF's ?- and nearly everyone else?s -- current wisdom on saving Asia. According to their formula, a package of stopgap loans and high internal interest rates can protect the currency and attract foreign capital in the short term by restoring investor confidence. Follow that with swift and painful economic reforms, and recovery should be imminent. But for Mahathir, flipping the Western economic establishment the bird is part of his plan?s allure. The West, Mahathir insists, fears a ascendant Asia, with its large Muslim populations and strong governments, and is gleefully exploiting...
...this age where economic and political ideology have become inextricably entwined, the stakes are high. Mahathir evidently dreams of an Asia resurgent on its own terms, reborn in its own image, not that of the West. If his course succeeds, and Malaysia recovers, the rest of the region could follow his example and pull disastrously back from necessary economic reforms. At worst, the West could eventually be confronted with a China-led belligerent East -? and new Cold War for the 21st century. At best? Malaysia does as Krugman recommends: use the breathing room afforded by the plan to continue reforms...
KINSHASA, Congo: The western front is closed in the Congo's civil war. President Laurent Kabila declared Monday that government troops, backed by the Angolans, have turned the rebels away from the capital of Kinshasa and have vowed to follow them east toward Rwanda and Uganda until the fight is finished. But TIME reporter Clive Mutiso says the rebels have two things in their favor: terrain and their own desperation...
...Angolans will meet stiff resistance as they follow the rebels east," Mutiso says. "The jungle that covers Congo's heart makes communication with the west nonexistent -- it's a natural obstacle to any offensive." Then there's the matter of what will happen to the rebels, ethnic Tutsi in a country dominated by Hutu, if they lose. "The rebels saw what happened to those caught in Kinshasa: They were slaughtered," says Mutiso. "Surrender would be signing their own death warrant. Their backs are to the wall but as long as they have bullets, they'll keep fighting...
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