Word: globalization
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Dates: during 2000-2009
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...pictures of the effects of global warming...
Meanwhile, Japanese reaction to her burst of global fame has been overwhelmingly positive, if low-key. (There had already been one unofficial fan site for her even before the UFO quote got out.) And, in the afterglow of her husband's epoch-ending victory, there is talk about how her honesty and outspokenness are symbolic of what many hope will be a new, less constricting era. She certainly believes his ascension to power is a sign of change in Japan, one that she is happy to be a part of. "I think he will be a completely new style...
...typically an enthusiastic supporter of open markets, included "buy American" clauses in its stimulus package and propped up its flailing auto industry with handouts. Although a meeting of ministers in New Delhi in early September promised to restart long-stalled World Trade Organization negotiations aimed at reaching a global consensus on freer trade, wide differences remain between developed and developing nations that make a final deal difficult...
...become a powerful trading bloc. "Asian integration is sort of a dream, but it is much more realistic than it was before," says Ganeshan Wignaraja, an ADB economist. "There is a move toward making a better business environment in Asia. The momentum is quite strong." (See pictures of the global financial crisis...
...turn, could have a negative impact on efforts to rebalance excessive debt in the U.S. and excessive savings in Asia. FTAs "create a nonlevel playing field with advantages for Asian countries," says Eswar Prasad, professor of trade policy at Cornell University. "If the most dynamically growing part of the global economy gives the U.S. restricted access, that has an impact on the whole rebalancing movement...