Word: globalization
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...1980s, when Japan was Asia's rising giant, some said its state-led economic system, in which bureaucrats "picked winners" by targeting industries for special support, was better than the more laissez-faire practices of the West. Today, pundits see China's "state capitalism" as the contender for global dominance. The heavier hand of the Chinese government, this thinking goes, acts as a source of strength in hard times while firmly guiding the nation into the industries of the future. China's vibrancy has even led Americans to question the viability of the very tenets of democracy. "It is intellectually...
...pictures of the global financial crisis...
...free trade, as a proliferation of free-trade associations (FTAs) continues to push back the power of the state. India, another country fingered as a state capitalist, inked landmark FTAs last year with South Korea and the 10-member Association of Southeast Asian Nations (ASEAN). (See pictures of the global financial crisis...
...pictures of the global financial crisis...
Ashong said he seeks to use the media to promote global change by inspiring a new generation to become involved and engaged in the discourse surrounding world issues...