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...that systemic weaknesses in the Asian economies became apparent.) But "outward orientation," as the academics called it, wasn't the whole story. Domestic demand grew rapidly too. Two components of Asian domestic economies were particularly important. First, there was construction, which remade the skylines of every city from Kuala Lumpur to Shanghai. Seven of the world's 10 tallest buildings are in East Asia. Second, there was consumer spending, as a new middle class flocked to shopping malls to buy fancy electronics and designer labels. For a while it was easier to find a Prada or a Gucci store...

Author: /time Magazine | Title: A Sun Rising In the East | 5/20/2002 | See Source »

...that systemic weaknesses in the Asian economies became apparent.) But "outward orientation," as the academics called it, wasn't the whole story. Domestic demand grew rapidly too. Two components of Asian domestic economies were particularly important. First, there was construction, which remade the skylines of every city from Kuala Lumpur to Shanghai. Seven of the world's 10 tallest buildings are in East Asia. Second, there was consumer spending, as a new middle class flocked to shopping malls to buy fancy electronics and designer labels. For a while it was easier to find a Prada or a Gucci store...

Author: /time Magazine | Title: Why East Asia's Economies Are Hot | 5/13/2002 | See Source »

...national self-defense, since the Israelis occupy Palestinian territory, deny the Palestinians their national rights and, in enforcing their rule, frequently kill Palestinian civilians. This logic was sufficiently compelling for the 57 Islamic countries at this month's Organization of the Islamic Conference in Kuala Lumpur to exempt Palestinian bombers from their definition of terrorism. Says Marzouk: "The term terrorism should not be applied to people whose land is occupied." And if the victims of those fighting occupation are civilians? "There shouldn't be any distinction between an occupier in uniform or civilian dress," Marzouk argues. "If a man dressed...

Author: /time Magazine | Title: Why Suicide Bombing... ...Is Now All The Rage | 4/15/2002 | See Source »

...businesses and independent operators, some offering it for free, others charging small fees. Nevertheless, some think that mobile network operators would be foolish to ignore it. Carriers "can roll out [Wi-Fi] services much quicker than 3G," says Shamir Amanullah, program leader at marketing consultancy Frost & Sullivan in Kuala Lumpur. "3G networks cost up to $1 billion to set up and that won't give them lots of pricing flexibility...

Author: /time Magazine | Title: More Static for 3G | 4/15/2002 | See Source »

What is terrorism? The Organization of the Islamic Conference (OIC) was unable to define it during their three-day meeting in Kuala Lumpur, Malaysia this week. Neglecting, for the moment, most Arab nations’ cowardly reluctance to condemn the suicide bombers, it is nonetheless easy to understand why the OIC felt little pressing need to give a definition to terror. If the Bush Administration, which declared the war against terrorism, has failed miserably to provide a definition for its war, why should anyone else step up to bat? This is, the Arab nations rightly implied, the United States?...

Author: By Meredith B. Osborn, | Title: Bush Muddles the Mideast | 4/5/2002 | See Source »

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