Word: globalizing
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Dates: during 1990-1999
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...Geneva-based WTO is both traffic cop and top court of the global economy. And as shown by China's bid for admission last week, the organization seems about to extend its gospel of no-pain, no-gain capitalism across the planet. The WTO's 36,000 pages of regulations reach into far-flung crannies of human existence. Can Malaysian fishermen export their shrimp to the U.S. even if their nets lack escape hatches for endangered turtles? Yes. Can Massachusetts refuse to buy products from companies that do business in Myanmar? No. Do American corporations get an illegal export subsidy...
...course the work of policymakers could well be sidetracked by the spread of the Internet, which has already begun to turn the world into a global pharmacy. Hundreds of sites are springing up on the Net, housed abroad and not easily scrutinized by regulatory agencies. For the moment, such sites are still cumbersome to use. But there is the risk that in the future, it may not matter how finely tuned Medicare policy is if, say, Mauritania can sell prescription drugs at a fraction of their cost in the U.S. Meanwhile, Americans with prescriptions in hand continue to cross...
...swarms of T72 tanks, is no longer poised at the German frontier's Fulda Gap, ready to pour into Western Europe in the next 30 minutes. Instead, today's U.S. military is deployed, in relatively small numbers, to regional hot spots that Washington wants to keep from becoming global conflagrations. So the Army's admission that the 10th Mountain Division and the First Infantry Division are not ready for war is surprising only until one learns why: their commanders secretly rated the units unfit for combat because up to half of their troops--less than 1% of the active-duty...
...answer is that global standards do matter. Over the years, nations have increasingly embraced the view that it is unnecessary and dangerous to develop nuclear weapons...
...MP3.com allows Bennett to track how many albums he has sold and from where they were purchased. He is often amazed by the different geographic locations of his customers, and attributes this to MP3.com being a truly global site. He also receives more email now than he used to and attempts to respond to each personally...