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That's a lucky thing because in the globalized manufacturing jungle, it's not survival just of the fittest but also of the nimblest. When Fung took the firm public in the early 1970s--the first Chinese trading company to list on a stock market--he displayed his knack for timing. Unencumbered by generations of cousins and uncles, Fung was able to take advantage of the dawn of the roaring Asian tigers, moving his manufacturing operations to Taiwan and South Korea, then Thailand, Indonesia and the Philippines, networking with Asia's entrepreneurial Chinese diaspora. Today about half the firm...

Author: /time Magazine | Title: Exports: Trading Up | 11/15/2007 | See Source »

...cost of firing workers (low). The index focuses on productivity, not its collateral effects. Next are Switzerland, Denmark (see page 68 for a look at why), Sweden, Germany, Finland, Singapore, Japan, the U.K. and the Netherlands--some fairly usual suspects. Further down are some more surprising comparisons (see list at left), such as South Korea at No. 11, up from 23rd place last year...

Author: /time Magazine | Title: Best Countries for Global Business | 11/15/2007 | See Source »

...data also challenge some widespread beliefs--for instance, that high taxes stifle business. The U.S. and Switzerland, two moderately taxed countries, are at the top of the list, but so are Denmark, Sweden and Finland, where taxes are sky high. "There's always the debate about more government, less government, more taxes, less taxes," says Xavier Sala-i-Martin, the Columbia University economist who designed the index. "This suggests that is the wrong debate. We should be talking about what the government does and not its size...

Author: /time Magazine | Title: Best Countries for Global Business | 11/15/2007 | See Source »

Where it counts--which is more in production than interpretation--Australia has a vigorous cultural life, sometimes enthrallingly so. The list of first-rank Australian novelists, headed up by Murray Bail, Peter Carey and David Malouf--writers of exceptional power and social insight--is a considerable one. London has a brilliant biographer and diagnostician of past culture in Peter Conrad, an erudite and dark-minded expatriate from Tasmania...

Author: /time Magazine | Title: The Real Australia | 11/14/2007 | See Source »

...study, a result of four years of research, focused on seven orphanages and two mental hospitals in Serbia. It underscores a long list of serious human rights abuses by citing concrete examples. "I looked at the crib and saw a child who looked to be seven or eight years old," a MDRI investigator said, recalling a visit to the so-called Special Institution for Children and Youth in the southeast Serbian village of Stamnica. "The nurse told me he was 21 and had been at the institution for eleven years ... He has never been taken out of the crib...

Author: /time Magazine | Title: Disabled Serbians in Harsh Conditions | 11/14/2007 | See Source »

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