Word: hypergrowth
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Dates: during 2000-2009
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...will relieve some of the inherent biases of energy- and resource-intensive growth. But Asia must do more in the way of investing in alternative energy technologies, retrofitting existing production platforms and moving to lighter construction and production techniques. Air and water pollution have become endemic to Asia's hypergrowth. That's especially true in China, home to seven of the 10 most polluted cities in the world and whose level of organic water pollutants is, by far, the worst in the world - more than three times the emissions rate of the No. 2 polluter, the U.S. Asia has attempted...
...part of their wish, as Alan Greenspan's Federal Reserve cut the cost of borrowing by half a percentage point on Jan. 31. To keep the economy steady, though, the Fed will probably have to keep slicing. This by itself wouldn't bring back the high consumption and hypergrowth of recent years. Good thing, the panel felt. "We should not be desirous of an economy that goes back to a speed that cannot be sustained," warned Hormats...
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