Word: globalizing
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...proverbial net), just as the country has in being the largest exporting nation, the biggest holder of foreign reserves and almost the world's No. 2 economy, among myriad superlatives. In more ways than we can count, and whether one likes it or not, China is winning the global game. Heck, maybe sport does imitate life after...
...Texas-based media-tracking organization recently announced that it had concluded, via a sophisticated statistical analysis of news sources, that China's leapfrog up the global economic hierarchy was the top story of the past decade. This claim is debatable: the Iraq War, climate change, terrorism and the financial crisis all garnered plenty of headlines. Still, there has certainly been a dramatic upsurge in fascination with and concern over the People's Republic - and a concomitant proliferation of Big China Books, as I like to call works that carry titles that cry out to be put in bold type...
...anybody. "The lack of a strong second player may unmotivate Baidu to improve" is how JPMorgan's Wei puts it. The company has gone from a Silicon Valley start-up, in a field that didn't then exist in China, to a nimble competitor that was challenged by the global king - and won. The risk that one day it could turn into a hoary monopoly simply because it lacks a serious competitor in its home market was a preposterous notion when the new year began...
...hosts of the World Cup this June and July, when hundreds of millions of soccer fans will be focused on the planet's most popular sport. At the same time, June 26-28, Cape Town will also be the site of the first-ever FORTUNE/TIME/CNN Global Forum, a three-day event bringing together FORTUNE 500 CEOs, world leaders and members of the TIME 100 for a conference on what we're calling the New Global Opportunity. This is the idea that global economic power is shifting to the developing world--to Africa and the Middle East, as well...
FORTUNE has traditionally been the sole host of the Global Forum, but this year, for the first time, TIME and CNN are principal partners in what will become a regular event. All three organizations will guide and contribute to the discussions as well as cover them online, in print and on air. Topics will range from the future of microfinance to business strategies for emerging markets to breakthroughs in science and health. Michael Elliott, TIME's international editor, has been steering the content and ideas for the forum from our end. As he says, "We've given the conference...