Word: growth
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...Bissell looks into India's future, he is troubled. "For those of us at the top of the dungheap, the system is working absolutely brilliantly," he says. For everyone else, corruption and the lack of basic public services like water, electricity and education threaten to undo a decade of growth. In a 247-page polemic, Making India Work, Bissell lays out those problems in devastating detail and suggests ways to fix them. (See pictures of India's turning points...
...Beijing has what it used to call "core interests" - issues that stand above and beyond the rest. Taiwan is one. Another - a recent product of its economic surge - is long-term access to the oil, gas and minerals needed to fuel the country's growth for decades to come. Iran, from whom Beijing now buys a tick over 400,000 barrels a day (about 14% of China's total oil imports), is clearly part of that future. But U.S. Secretary of State Hillary Clinton recently called out Beijing in public to get off the fence and sign...
Among those best placed to profit from the recovery - and from Dubai's mistakes - is Qatar. While Europe and the U.S. are still struggling for growth, it's almost business as usual in Doha, the capital. Just ask Kevin Lamb, assistant dean of Carnegie Mellon Qatar. Located in Education City, a gleaming new complex under construction on the outskirts of the capital, his school is one of six American universities that have set up shop in the country over the past few years. Thanks to the deep pockets of the Qatari government, Lamb has more space in the college...
...Dubai thanks to much bigger oil and gas deposits - have emerged from the financial crisis in better shape than their badly bruised neighbor. The gulf region is poised not only to recover from the global slump this year, but could become the second most important center of world economic growth after the economies of east and south Asia, according to John Sfakianakis, chief economist for Banque Saudi Fransi in Riyadh and Crédit Agricole in Paris. "The world has always been too focused on Dubai, but Dubai is not the GCC," he says, referring to the Gulf Cooperation Council...
Greece suddenly found itself with a solid, reliable currency. Its government and businesses could borrow at lower interest rates than before. The country boomed, with real GDP growth topping 3.8% for eight straight years. (During the same 2000-07 run, U.S. GDP growth never hit 3.7%; Germany didn't make it past 3.2%.) It seemed as though Greece had landed a one-way ticket to economic good times...