Word: freeing
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...South Korea and Taiwan believe deregulation is crucial for the future of their economies. In Japan, newly installed Prime Minister Yukio Hatoyama has wisely made weakening the power of the bureaucracy - not expanding it - one of his primary policy goals. Asia has also become a leader in promoting free trade, as a proliferation of free-trade associations (FTAs) continues to push back the power of the state. India, another country fingered as a state capitalist, inked landmark FTAs last year with South Korea and the 10-member Association of Southeast Asian Nations (ASEAN). (See pictures of the global financial crisis...
...state role in its economy. The evidence from Asia shows that its economies became more market-driven as they became more advanced. That's been true in China as well. Despite all the talk of state capitalism, Beijing's leaders continue to liberalize the economy. In January, a free-trade agreement between China and ASEAN came into full effect, creating a free-trade zone with more potential customers than NAFTA. China's State Council also approved the very capitalist practices of short selling of stocks and futures trading. The big question about China-style state capitalism is not whether other...
Asia's economic strength is not a result of some ancient Chinese secret or a special economic model that Americans must copy to survive. It owes to simple, old-fashioned, free enterprise, the kind Americans love to love. The "democratic capitalism" being questioned in the U.S. is finding new roots in a rising Asia. If Americans want to learn the correct lessons from Asia, they can ironically find them right at home...
...only thing a Harvard student might find more tantalizing than a big fat “A” on a final paper is the prospect of a free slider after a long night of final club hopping. The Office of Alcohol and Other Drug Service’s Drug and Alcohol Peer Advisors (DAPAs), whose late night deals with b.good are just one of their methods of promoting safe and responsible drinking, seems to know Harvard’s penchant for penny pinching quite well. Though some may think DAPA is no more than...
...Snowball, the freshman winter formal held the next day in the Boston Park Plaza Hotel. The fun was, of course, completely dry. After all, this was “How To Dance Sober,” an event hosted by DAPA, whose funds are used to support safe, alcohol-free social events across campus...