Word: market
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...story of Asia's economic boom tells us that democracies tend to follow wealth. Asians have demanded more political rights with their expanded economic opportunity. That's what happened in Taiwan, South Korea and Indonesia, all dictatorships turned stable democracies. China believes it can build a full-fledged market economy while leaving its politics unchanged. So far it has. But as China gets richer, can its ruling class survive the forces that undermined autocratic regimes elsewhere in Asia...
...same can be asked about the state role in its economy. The evidence from Asia shows that its economies became more market-driven as they became more advanced. That's been true in China as well. Despite all the talk of state capitalism, Beijing's leaders continue to liberalize the economy. In January, a free-trade agreement between China and ASEAN came into full effect, creating a free-trade zone with more potential customers than NAFTA. China's State Council also approved the very capitalist practices of short selling of stocks and futures trading. The big question about China-style...
Charitable giving tends to correlate with the stock market and broader economic performance, Kaplan said. She said that this year’s decline in giving is not surprising given the past year’s economic performance...
...past two years, the U.S. TV series has dominated the underground DVD market in Tehran; almost nowhere in the world is the sixth and final season of Lost anticipated more than in Iran. Initially discovered in October 2008 by a few Iranians with access to high-speed Internet, the show has become Tehran's "gotta have it" DVD item. (Certainly, nothing compares to it on Iranian state television, with its cooking shows and documentaries.) Today it is next to impossible to find a young person in the capital - be it in the affluent north of the city or the working...
Back before protests erupted last June, if you were to see a crowd gathered on the streets in Tehran, odds were that people were buying up the latest U.S. hit movie or television show from a black-market vendor. Customers flip through piles of plastic sleeves, looking for an unseen classic or the latest that the Americans have to offer: Avatar, District 9, Invictus, the second Night at the Museum, the first Godfather. One can find Desperate Housewives and 24. At about one toman each (approximately $1), the DVDs are affordable as an occasional indulgence for most residents...