Word: globalization
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Dates: during 2000-2009
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...Even so, it won't be easy for Winterkorn to deliver on his promise to make VW the world's biggest automaker by 2018. Winterkorn must defend VW's lead in China, which will soon become the largest car market in the world. According to IHS Global Insight, VW is now the largest manufacturer in China, with first half sales up 22.7% to 652,200 cars. But GM is rising fast in China, even as it struggles in the U.S., Europe and Latin America. (Read: "The Other...
...year undergrad degrees in economics, finance and management through the Indian School of Business and Finance (ISBF) in New Delhi, for a total tuition of $20,000, or one-fifth the standard cost. "Our students get a degree from a reputed foreign university at Indian rates, while LSE gets global reach," says ISBF director Jitin Chadha. (See pictures of the college dorm's evolution...
...decades, foreign universities have been an integral part of India's higher education. Whiz kids across the country with the financial means have left for highly regarded global universities to study. Many never return, taking both their tuition money and their talent overseas. More than 160,000 students are currently studying in schools in the U.S., Australia, Britain and elsewhere. Over 100,000 pack up and head to study abroad every year, spending $7 billion on tuition and housing. (See the 25 best back-to-school gadgets...
...Sibal also intends to make this new wave of higher education accessible to a larger swath of students, having foreign schools reserve over a quarter of their seats for India's economically disadvantaged. "If India wants to be a world-class educational hub, then we need access to global institutions," said Sibal early in July. (Read about India's grass-roots teachers...
Denmark is not exactly a global power center, but the former leader of the small, tidy nation is about to become a major player on the world's diplomatic stage. Anders Fogh Rasmussen takes over as NATO's Secretary-General on Aug. 1 after serving as Denmark's Prime Minister. The popular center-right leader takes the reins as the deteriorating war in Afghanistan poses a serious test for the 60-year-old NATO alliance, which is managing the conflict. Rasmussen, 56, spent eight years in Copenhagen's top office, most notably shepherding Denmark through the Muslim cartoon uproar...