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...troops and recognize the benefits of their presence, at least until the North Korean regime stabilizes. The Korean border is 40 kilometers from the Seoul metropolitan area, in which half the population of South Korea lives. Across it, North Korea has around 1.2 million troops—the fifth largest land force in the world, because the Kim regime prioritizes bullets over bread. South Korea presently spends 3 percent of its GDP on defense, and without American troops that number would certainly go up, at precipitous cost to the Korean economy...
...largest challenge the school has to face, however, is recovering from a devastating earthquake in 2001 that completely leveled the entire region, leaving almost all buildings in absolute shambles. In the wake of the earthquake, the region has rebounded in a dramatic fashion. Local and state authorities have worked with NGOs and relief organizations to rebuild the local area, and to fundamentally change its economic environment, attracting droves of new business by making Kutch a tax-free zone. Now, there are more jobs than people in Kutch, and every child can dream of holding a real government or corporate...
...Exuberance can be contagious. Shares of China State Construction Engineering, the country's largest home developer, jumped 56% on July 29, the day of their debut on the Shanghai stock exchange. In Singapore, property prices are rising despite the city-state's sharp recession. The resale index for Housing and Development Board apartments, a key indicator of local property-market conditions, rose an annualized 5% in the second quarter to an all-time high. In Hong Kong, a city famous for its property booms and busts, prices have rebounded from last year's slump and are on course to retake...
...theme parks. So far this year, the state's Travel and Tourism Commission has opened offices in three Chinese cities. In 2005, Governor Arnold Schwarzenegger toured China on a six-day trade mission to peddle his state's produce, technology and raw materials. China is now California's fourth largest export market, after Mexico, Canada and Japan. In 2008 California exported $10.9 billion worth of goods to China, up 40% since...
...south of its Bangalore headquarters to mass-produce the Reva hatchback, a two-passenger city car priced at little over $12,000 that the company has been selling in India and Europe since 2001. When production begins next January, the new factory will be the world's largest for low-cost electric cars; annual capacity is expected to hit 30,000 cars within three years. "The opportunity today is very high," says Chetan Maini, Reva's vice chairman and chief technology officer. (See pictures of the world's cheapest...