Word: low-cost
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...China emerges as an international power [Jan. 22], the West must be wary of a brain drain. To be a manufacturing giant, the Chinese must get the know-how. As capitalist businesses become more focused on quarterly profits through low-cost production, they lose sight of the long-term value of their intellectual resources and risk losing their markets...
...rampant in Europe. Europe's economy remains the most open in the world to trade and investment. There have been a number of high-profile cases related to national protection in sectors like energy, but that is a particular issue. There is anxiety about the impact of low-cost imports of products like shoes and textiles from countries like China, but Europe has also benefited from these low-cost consumer goods. That is why we have to make the case for openness and to help individuals and communities adjust to inevitable change...
...Administration sought to loosen foreign-ownership rules, which ostensibly exist for national security but which critics see as another case of protectionism. U.S. carriers themselves have benefited from foreign funding, especially during the industry's regular downturns. But the last thing domestic carriers want to see is another snazzy, low-cost competitor à la JetBlue. Any hope that the Administration will change the foreign-ownership rule is gone, partly because of political fallout surrounding a Dubai company's attempt to run some big U.S. ports. Branson, therefore, remains a dangerous...
...Asia-Pacific region. GM expects sales in China to top 1 million units this year - making it one of the few fast-growing markets for the beleagured automaker. DaimlerChrysler and Ford are also producing cars in China for export (though so far not in the U.S.), benefiting from the low-cost labor too. > And with import tariffs coming down on cars and auto parts, foreign manufacturers may win even more sales in China - if they can hold off the increasingly sophisticated local competition...
...left more than 400 missing when a ferry with 628 passengers went down off the coast of Java last Friday. On Wednesday, Indonesian President Susilo Bambang Yudhoyono announced the creation of a special team to evaluate the nation's transport sector. "There are new paradigms, including the emergence of low-cost carriers and the worsening weather conditions in the past 10 years," Air Transport Director-General Ikhsan Tatang told reporters after meeting with the President on Thursday. "This prompts an evaluation of our transport rules and management...