Word: globalization
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Dates: during 2000-2009
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...sweet, symbiotic relationship: the annual pilgrimage keeps California's $2.2 billion almond industry ticking and is a huge moneymaker for more than half the country's commercial beekeepers. But this year, some worry that relationship is starting to sour. Driven by surging global demand, California's almond growers have doubled acreage since 1981, forcing them to lean heavily on imported bees from as far away as Vermont. Drive along the unlined roads around Hughson, and it's easy to find 10 different almond farmers renting hives from 10 different states. Orin Johnson, whose family has been keeping bees around Hughson...
...them. Krista Mahr in Hong Kong reports on how the crunch is fueling a new kind of international trade: countries with money but little arable land are renting huge tracts from countries rich in soil but poor in cash. Alex Perry zeroes in on the unexpected star of the global economy: Africa...
...solution Park divined was to hitch South Korea's future to an expanding global economy. The country used its cheap labor force to manufacture necessities like shoes and clothing to sell to consumers in the developed world, particularly those in the U.S. The strategy proved wonderfully efficient. It attracted investment capital, generated factory jobs for impoverished farmers, established infrastructure to supercharge commercial development and otherwise produced wealth that South Korea could never have generated by itself. Eager to raise living standards in their own countries, Asian policymakers and business people latched on to that formula. The economies of South Korea...
Today the tigers are being tripped up by this same lifeline. As consumer and industrial demand dries up in recession-racked Western countries, East Asia's export-led nations are proving to be highly vulnerable to a synchronized global slowdown. Among the tigers, overseas trade is shrinking with frightening speed: Taiwan's exports in January plunged 44% from the same month a year earlier, while Singapore's fell 35% and South Korea...
...world first, Xstrata, a $28 billion Swiss global mining company, has agreed to fund an endangered species' recovery. In exchange for spending millions on the marsupial, Xstrata's name will appear on everything wombat: from websites to educational DVDs to shirts worn by wildlife workers. Xstrata execs will also star in documentaries about the northern hairy-nose and speak at media events. Call it the ultimate in green corporate branding...