Word: globalization
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Dates: during 2000-2009
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Nortel, a former member of the BCE family, was able to use an earlier power shift that made long-distance competition possible to become a global leader, but it failed to repeat that with cable phone and wireless broadband. Nortel continues to make money on CDMA networks, a wireless protocol still used by many providers worldwide. But in 2007 it sold its GSM division, the 3G standard for the most advanced mobile communication, to rival Alcatel-Lucent...
...Ecuador Still Driving on the Left Ecuadorians handily re-elected President Rafael Correa on April 26, endorsing his policies of "21st century socialism" and of blaming capitalism for the global economic crisis. Correa, who has refused to pay some foreign debts and has increased social programs for the poor, has plenty of company among regional leaders...
...Global health experts addressed the potentially devastating implications of global hunger and encouraged students to raise local awareness at a symposium held in the Science Center yesterday evening. Participants in the four-person discussion, entitled “The Ingredients of Food Security,” included Howard A. Zucker, the former assistant director-general of the World Health Organization, along with colleagues in economics, political science, and humanitarian outreach. Zucker began the event by asking attendees to consider the amount of food that goes to waste during an average restaurant dinner. “Now just imagine...
Baroque was the first global art style. From France and Italy it spread to the rest of Europe and beyond. Sculptors, designers and painters of the day took the art of Greece and Rome and made it their own: bigger, better and more vulgar. "Baroque 1620-1800: Style in the Age of Magnificence," at London's Victoria & Albert Museum until July 19, seeks to unravel Baroque's complexities while celebrating its influence across the globe. The show captures the opulence of the era by presenting key decorative objects - from silver furniture to theater costumes - alongside images of cathedrals, and reconstructions...
...companies have been hit harder by the severity and suddenness of the global economic crisis than Asia's manufacturers. With unemployment on the rise, credit tight, and uncertainty high after the financial meltdown on Wall Street, consumers in the U.S. - Asia's most important customers - slashed their purchases of the toys, blue jeans and flat-panel TV sets churned out by the region's factories. The consequences have been disastrous. Every major economy in the region, from Japan to Singapore, has seen exports contract sharply, usually by eye-popping double-digits. Taiwan registered year-over-year declines of more than...