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...Davide Grazioli, used to warmer climes, pulls his black woolly hat over his head and strides up Kastanien Allee - now dubbed Casting Alley because of all the wannabe film directors and actors who frequent its cafés. Grazioli is an Italian artist whose work includes unraveled embroideries from India and skulls made of organic incense. Three years ago, he moved to Berlin from Milan with his wife and young daughter, and though his German is rudimentary, he's reveling in the city. This year, he's branched out into "sustainable fashion," creating a men's clothing collection made...

Author: /time Magazine | Title: Hip Berlin: Europe's Capital of Cool | 11/16/2009 | See Source »

...over APEC's economic future has rejuvenated an idea once dismissed as unwieldy and unrealistic: the knitting together of a free-trade zone, similar to the European Union, straddling the Asia-Pacific region. Proposed by APEC's Business Advisory Council, this zone would include most of Asia (but not India) and a sliver of Central and South America, as well as big non-Asian economies like the U.S., Russia and Canada. If all of APEC's member countries participated - a big if - its combined annual GDP would be $37 trillion, 21/2 times that of the E.U., the world's largest...

Author: /time Magazine | Title: APEC's Bonding Experience | 11/16/2009 | See Source »

...with increasing frequency. At a meeting of regional leaders hosted by the Association of Southeast Asian Nations in Thailand last month, Japan's Prime Minister Yukio Hatoyama proposed an "East Asian community" that would bind together Japan, China, South Korea and the 10 countries of Southeast Asia, plus India, Australia and New Zealand. Hatoyama - who recently opined that "the era of U.S.-led globalism is coming to an end" - suggested this zone have its own common currency and could some day "lead the world." Less ambitiously, China has suggested a smaller group that would include Southeast Asia plus Japan, China...

Author: /time Magazine | Title: APEC's Bonding Experience | 11/16/2009 | See Source »

...simplify the bewildering spaghetti bowl of bilateral trade agreements that have been signed between various Asian countries in recent years, executives say. Others, worried about their prospects in a China-led free-trade zone, are eager to see APEC take the lead. Says Kevin Thieneman, the Southeast Asia and India country manager for industrial-equipment giant Caterpillar: "There must be a realization by the Obama Administration that the U.S. is getting lapped when it comes to trade in Asia. There is a lack of understanding in the U.S. about how fast the bilateral trade agreements are happening out here...

Author: /time Magazine | Title: APEC's Bonding Experience | 11/16/2009 | See Source »

...While India is seen as a potential mass-consumer market in the future, statistics for Africa (if treated as one entity) are remarkably similar. For example, the African economy has been experiencing similar growth rates to India's of 6% to 7% over the past decade, and will likely see 3% to 4% growth in 2009 - impressive in the current global environment. GDP per capita in Africa is similar to that of India and, like India, the population in Africa is growing and will be similar in size to China's population in several decades...

Author: /time Magazine | Title: China Woos Africa — And Not Just For Its Resources | 11/16/2009 | See Source »

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