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That's because many people mistakenly believe that Asia offers a superior political-economic model for meeting the modern world's economic challenges. That perception, however, is based on the incorrect notion that Asia's success is the product of intrusive governments. In the 1980s, when Japan was Asia's rising giant, some said its state-led economic system, in which bureaucrats "picked winners" by targeting industries for special support, was better than the more laissez-faire practices of the West. Today, pundits see China's "state capitalism" as the contender for global dominance. The heavier hand of the Chinese...

Author: /time Magazine | Title: What Asia Can Really Teach America | 2/4/2010 | See Source »

What's the source of this newfound Canadian aggression? In part, you can thank the Yanks. After seeing how the U.S. medal count jumped from 13 in Nagano, Japan, in 1998 to 34 in Salt Lake City four years later, Canada realized it could also capitalize on its status as host. In Turin, Italy, four years ago, Canada finished with 24 medals (one behind the U.S. and five behind leader Germany); Jackson figures around 30 medals should give Canada the top spot in 2010. (See TIME's video series about how Olympic athletes train...

Author: /time Magazine | Title: Why Canada Wants to Kick Olympic Butt | 2/1/2010 | See Source »

...whatever the public's vision of a sparkling new 150-m.p.h. bullet train like those in Japan and Europe, the reality is that not all, or even most, of the stimulus money will go toward creating entirely new rail service. Instead, much of the initial funding will be spent improving and speeding up existing service...

Author: /time Magazine | Title: Can High-Speed Rail Succeed in America? | 1/29/2010 | See Source »

Only a few hours after Hong Kong surrendered to Japan on Dec. 25, 1941, Chinese admiral Chan Chak helped lead 67 British and Chinese officers on a 129-km escape to unoccupied China. It had all the makings of a Hollywood film: car chases, speeding torpedo boats and an officer saving his commander from drowning amid a barrage of gunfire. Now, in an exhibition called "Escape from Hong Kong: The Road to Waichow," the Hong Kong Museum of Coastal Defence, hk.coastaldefence.museum, is displaying maps, medals and other mementos that bring the legendary journey to life. Reading the handwritten logbooks...

Author: /time Magazine | Title: Naval Gazing | 1/28/2010 | See Source »

Take this to answer all the questions you’ve always wondered about how food influences lifestyles and cultures across the globe. Expect film screenings, ethnographic research, and the chance to study a smattering of dishes from America, Japan, China, Korea, South Asia, Europe, Africa, Portugal, and Latin America. | M., W., (F.) 1. Link...

Author: By Julie R. Barzilay, CRIMSON STAFF WRITER | Title: Shopping Week, Day Four: Me Want Food! | 1/27/2010 | See Source »

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