Word: globalizing
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Dates: during 2010-2019
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...mentioned clean coal, biofuels and nuclear power (though not renewable energy), and he talked up the need to pass a "comprehensive energy and climate bill." But notably, he said nothing about putting a price on carbon - which is considered by most greens to be the key move to reduce global carbon emissions...
Krishna Prabhu ’11 and Michael Henderson ’11 are members of Harvard College Global Health & AIDS Coalition and the Harvard College Global Health Review...
...measure. China's fast-acting government implements new policies with blinding speed, making India's fractured political system appear sluggish and chaotic. Beijing's shiny new airport and wide freeways are models of modern development, contrasting sharply with the sagging infrastructure of New Delhi and Mumbai. And as the global economy emerges from the Great Recession, India once again seems to be playing second fiddle. Pundits around the world laud China's leadership for its well-devised economic policies during the crisis, which were so effective in restarting economic growth that they helped lift the entire Asian region...
...India's edge is due to the different stimulus programs adopted by the two countries to support growth during the downturn. China implemented what Walker calls "the biggest stimulus program in global history." On top of government outlays for new infrastructure and tax breaks, Beijing most significantly counted on massive credit growth to spur the economy. The amount of new loans made in 2009 nearly doubled from the year before to $1.4 trillion - representing almost 30% of GDP. The stimulus plan worked wonders, holding up growth even as China's exports dropped...
...compared with only 35% in China. India's confident consumer didn't let the economy down. Passenger car sales in India in December jumped 40% from a year earlier. "What we see [in India] is a fundamental domestic demand story that doesn't stall in the time of a global downturn," says Asianomics' Walker. (See pictures of India's "slumdog" entrepreneurs...