Word: globalization
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Dates: during 2000-2009
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...pictures of the global financial crisis...
...global recession has again exposed the structural weaknesses that plague Japan: overdependence on exports to drive economic growth, anemic domestic demand, inefficient enterprises and barriers to competition. It's no secret that the root of all of these problems is demographics. An aging population is shrinking Japan's labor force and consumer market. The country's working-age population (aged 15 and over) has declined 2% since 1999. Over the same period, the number of workers aged 65 and up expanded 19%, while the labor force of workers aged 25 to 34 shrank 9%. (Read "Japan: Stimulating the World Markets...
...growth and with more affluent Chinese willing to spend big bucks on luxury goods, no wonder investors from everywhere are pouring much of their resources into the Chinese market and trying hard to woo many Chinese consumers and companies to their own homelands. China has a emerged as a global superpower, and this century may very well be a Chinese century. Chern Nee Chua, Singapore...
...Given its population size, the day China's per capita GDP is on par with that of the U.S. will be the day that this world collapses, due to depleted natural resources and accelerated global warming. These nations must take active steps toward reducing the effects of their commendable growth within the next 20 years or so. What's the point in getting rich if there is no world left to sustain your life, let alone enjoying your new gains? Yes, China can indeed help save the world: by not walking the same mistaken path that the supposed First World...
Though Chinese automakers like SAIC and Chery have announced plans to produce electric cars, it is China's battery makers who have taken the first steps. BYD was already a major global battery producer, chiefly for mobile phones, when in 2003 it entered the car business by buying a defunct state-owned auto company. BYD proved a surprisingly quick study at automaking - its F3 sedan is a best seller in China, beating popular foreign brands - and now it has moved into electrics. The company is already selling the F3DM, a $22,000 Volt-style plug-in car with a backup...