Word: low-cost
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...China emerges as an international power [Jan. 22], the West must be wary of a brain drain. In order to be a manufacturing giant, the Chinese must get all the know-how as well. As capitalist businesses become increasingly focused on earning quarterly profits through low-cost production, they lose sight of the greater long-term value of their intellectual resources and will lose their markets in the end. The Chinese have a reputation for endurance. Alan Benson Berlin...
...based on information picked up from, say, a chip in your cell phone. Perishables like milk could be packaged with sensors layered in their cardboard to let you know whether they've always been stored at appropriate temperatures. Other products in the pipeline include plastic solar panels, low-cost memory sticks and displays like big-screen TVs that could be rolled up and stashed when guests come over...
...China emerges as an international power [Jan. 22], the West must be wary of a brain drain. In order to be a manufacturing giant, the Chinese must get all the know-how as well. As capitalist businesses become increasingly focused on earning quarterly profits through low-cost production, they lose sight of the greater long-term value of their intellectual resources and will lose their markets in the end. The Chinese have a reputation for endurance. Alan Benson Berlin...
...newcomers are apt to get worse-than-mediocre performance while still paying 1% or 2% of assets and 20% of the profits to the managers. There is a cheaper alternative: just as Vanguard launched the first stock-index mutual fund in 1976, Wall Street firms are beginning to offer low-cost funds that mimic common hedge-fund strategies. The first get-together of this nascent "hedge-fund replication" industry is happening this month in London (official slogan: The clones have landed). Mediocrity doesn't have to be such a bad thing, as long as it's intentional...
...beach towns and into the Ohio-size expanse of rose farms, medieval monasteries and Roman ruins. Visitors, especially Western Europeans, are flocking to ski resorts in the Rila and Pirin mountains and have even sparked a property boom in Bansko, where investors are scooping up cheap vacation homes. Meanwhile, low-cost labor, economic incentives and proximity to the rest of Europe are luring record levels of foreign investment from companies like French car-parts manufacturer Montupet, Chinese TV maker SVA and U.S. energy firm AES--even though Bulgaria still has a ways to go in cleaning up corruption...