Word: japanized
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...island country that has always had too many people on too little land, conservation has long been a part of life. The shoguns of the Edo era saved Japan's rapidly dwindling forests--and perhaps the country itself--through strict logging regulations. Although less likely than their samurai forebears to enforce conservation with decapitation, Japan's modern leaders do take a frugal approach to energy. Since 1973, Japan has nearly tripled its industrial output while holding energy consumption in the manufacturing sector roughly flat. Household appliances have increased in size while using less energy, thanks to a government program called...
...that nearly enough? Cool Biz, Top Runner, even the hybrid taxi I took home from the office last night are all great ideas, but none of them can yet keep up with Japan's ballooning growth. Air conditioners and refrigerators may have grown more efficient, but there are simply more of them than ever, along with energy-demanding items that didn't exist in 1990, such as flat-panel TVs and DVD recorders. As more and more Japanese stay single and live by themselves, they're not just a disappointment to parents who want to see them wed; they...
Such changes are happening all over the world, frustrating the best efforts on climate change. Japan shows that to meet even the modest goals of Kyoto, "we might need to do something as extreme as 'no-car day' or 'no-air-conditioning day' once a week," says Koichi Iwama, an economics professor at Wako University who specializes in energy policy. Selling such ideas won't take the kind of miracle you'd pray for in a Kyoto temple, but it won't be easy either...
...links to the Chinese market. But when the Communist Party took power in China in 1949, exports from the mainland slowed to a trickle. Hong Kong then became a formidable manufacturing hub in its own right, until the colony's growing wealth (per capita income is second only to Japan's in Asia) began to impede growth. By the 1970s, costs were rising so quickly that Hong Kong became uncompetitive compared with manufacturers in newly emerging economies elsewhere in Asia...
Thanks to its links to China, Hong Kong punches above its weight in international commerce Hong Kong's largest trading partners (2005) Rest of world 27.5% Singapore 4% Taiwan 4.8% Japan 8.2% U.S. 10.5% China 45% Hong Kong's GDP growth rate (2001-06) * Projected [This article contains a table. Please see hardcopy of magazine.] Initial publc offerings (2006) Stock exchange Capital raised ($ millions) Total IPOs Hong Kong 41133 54 London 40191 46 New York 28724 67 NASDAQ 17257 1387 Euronext...