Word: globalization
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Dates: during 2000-2009
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...sign of growing concern over the U.S. economy, the head of China's central bank proposed implementing a new currency-reserve system that could ease the country's reliance on the dollar. Experts say the move underlines China's desire to take a leadership role in the global response to the financial crisis. Still, few analysts expect the dollar to be replaced by what Zhou Xiaochuan called a new "supersovereign reserve currency" in the foreseeable future. China, which holds nearly $2 trillion in foreign-exchange reserves, is the U.S.'s largest creditor...
...This finding will officially end the era of denial on global warming.' ED MARKEY, head of the House climate-change committee, on the EPA's conclusion that greenhouse gases threaten public health...
...they have made to Africa. These two have also argued that trade and investment will be more important than aid. But while business grows, African leaders at the International Monetary Fund conference in Tanzania in March made clear that development assistance is still needed too, for now. Kathy McKiernan, Global Communications Director, One WASHINGTON...
...Calvinism, one of TIME's 10 world-changing ideas [March 23]: Your approach is a bit U.S.-centric. While Calvinism is certainly gaining influence in the States, that influence pales in comparison with the global sway of charismatic Pentecostalism, which is transforming the religious landscape of the developing world. Sadly, no Christian movement, Calvinist or otherwise, currently has that kind of impact in American society. Richard Land, NASHVILLE...
...This is not a new attitude in the environmental movement, but it is one that must be changed. Global warming is far too complex to solve with statutory regulations. If the environmental challenges that face the world now are to be successfully addressed, it will require the engagement of a much wider audience and greater focus on education than in the past...