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...growth and jobs, but a lack of access to China has hindered those efforts. "The transformation from a manufacturing base to more of a services base is still experiencing labor pains, and it still has a lot to do with cross-strait difficulties," Kung laments. (Read "Taiwan's New Head Seeks Change...
...track record as Egypt's Finance Minister was another: under him, the notoriously sclerotic Arab nation has grown at an annual rate of 7%. "He's seen as a facilitator, somebody who can generate progress," says Eswar Prasad, professor of trade policy at Cornell University and former head of the IMF's China division. "In Egypt, he's been able to operate under significant institutional and political constraints - that's valuable experience when you're dealing with...
...first spadeful of earth had been turned. The market was driven by speculators, interested only in trading - or "flipping" - incomplete units, which often sold for more than completed buildings, and might get flipped 10 times before construction finished. "You can't believe how crazy this was," says Robert McKinnon, head of real estate research at Al Mal Capital, a local investment firm. "Everyone knew it was like a game of musical chairs. When prices were going up and there was liquidity, you could get three offers by the end of the day. But when prices went down, liquidity dried...
...response, head of the European Commission, José Manuel Barroso said that the two parties involved in the dispute should be the ones to settle it: "We have asked Russia and Ukraine to do everything they can to avoid such crises. It would not be good for the overall climate of relations if such a crisis happened again." Barroso was part of a delegation that included E.U. foreign policy chief Javier Solana and Czech President Vaclav Klaus, whose country holds the E.U. presidency. (Read: "Vaclav Klaus: "The Man with the E.U.'s Fate in His Hands...
...East Bloc into Europe. Russia has sought to "ensure that the Energy Charter ceases to be the basis for the energy dialogue between the E.U. and Russia in the future, and to emphasize the need for new ad hoc arrangements in the format proposed by Russia," says Dmitry Orlov, head of the Agency for Political and Economic Communications, a Moscow-based think tank. During the talks, Medvedev reiterated that Russia would not participate in the current version of the document. Because of Medvedev's steadfastness, Orlov believes the E.U. is "now ready to consider new positions on energy questions...