Word: globalization
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Dates: during 2000-2009
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Enter Nandan Nilekani, a co-founder of the global IT giant Infosys. Through his focus on global entrepreneurship (his globalization-friendly compadre Thomas Friedman of the New York Times credits Nilekani for inspiring his book The World is Flat and writes "Seattle has Bill ... Bangalore has Nandan"), Nilekani possesses a bird's-eye view of India's strengths and weaknesses. Though inclined to see information technology as a panacea for India's social ills (he admits he fears being deemed "the computer boy"), Nilekani is quick to caution that safeguarding India's growth requires far more than economic prowess. (Read...
...That same aspiration is gaining traction in the defense departments of many Western nations. Frustrated by the vulnerability of long supply lines in recent conflicts - and aware that in an end-game global war the countries holding the bulk of the world's oil and gas may not prove to be allies - Western militaries are in search of new alternative fuel sources for their tanks, vehicles, planes and ships. (See pictures...
...According to environmentalists, the military's commitment to green technology is significant not because carbon-neutral fighting forces would help reduce global greenhouse gas emissions; the British military, for example, only produces 1% of Britain's carbon dioxide output, and that's typical for militaries in developed economies. Instead, the gain could come from harnessing the bright and heavily funded researchers who work either directly for the military (the U.S. Army Corps of Engineers alone has 283 Ph.D.s on staff) or for its numerous suppliers. If the military-industrial complex can design a long-range missile that travels into space...
...currency, for instance, rose more than a fifth against the dollar in the last four months of 2008, as previously big-spending investors cashed in risky assets overseas and brought their earnings home. But that's changing. Japan's economy is in freefall. In its latest assessment of the global economy published March 19, the International Monetary Fund forecast the country's output shrinking by 5.8% this year, much more than in the U.S. or eurozone. With interest rates close to zero for months now, there's speculation Japan could intervene to weaken the yen in order to help stoke...
...been two years since the U.N. Intergovernmental Panel on Climate Change laid out the definitive case that human beings were causing global warming, and two decades since NASA scientist James Hansen first told Congress of the threat of rising CO2 emissions. So, why has it taken this long for the Environmental Protection Agency (EPA) to announce that greenhouse gases endanger human health? Change can be slow in Washington...