Word: marketized
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...resources, although hammering out a united front among Asia's top industrialized nations for the Copenhagen climate conference in December is one of the professed goals. It's really a hardheaded, shrewd initiative to marry Japanese and South Korean high technology with China's manufacturing prowess, massive domestic market and bulging foreign-currency reserves - thus creating a formidable player in a postcrisis, low-carbon world...
...Even in South India, where saris are much more popular than in the north, weavers are having trouble finding a market. Kanjeevaram saris, made in the town of Kanjeevaram, near Chennai, are made by cooperative weaver societies. In 2004, there were 22 weaver societies in Kanjeevaram, but only 13 are left today, according to Business Today. Of these 13, only five say they are doing well. Last year, the 13 weavers sold about $12 million worth of saris, down from $40 million in 2004. The best-known sari shops, like Nalli, which has gleaming showrooms in several big Indian cities...
...cannabis is grown in at least 176 countries around the world. It can be grown indoors or outdoors, and is often cultivated in small plots by users themselves ... For most synthetic drugs, the skills needed to access and process the needed chemicals are not widely spread and, consequently, the market tends to favor more organized groups ... In contrast, most of the cultivation of drug crops like coca and opium poppy is confined to small areas within two or three countries. Most of the world's heroin supply is produced on a land area about the size of Greater London...
Highlight Reel: 1. On cocaine and heroin trafficking: "The $50 billion global cocaine market is undergoing seismic shifts. Purity levels and seizures are down, prices are up, and consumption patterns are in flux. This may explain the gruesome upsurge of violence in countries like Mexico ... While 41 % of the world's cocaine is being seized (mostly in Colombia), only one-fifth (19%) of all opiates are being intercepted ... In 2007, Iran seized 84% of the world's opium and 28% of all heroin...
...problem that includes heroin, cocaine, marijuana, amphetamines and a host of other illicit substances that compose a $320 billion-a-year industry, making drugs one of the most valuable commodities in the world. But despite arguments that legalizing drugs would destroy the organized-crime rings that currently control the market, the report argues that "mafia coffers are equally nourished by the trafficking of arms, people and their organs, by counterfeiting and smuggling, racketeering and loan-sharking, kidnapping and piracy, and by violence against the environment." As Costa said in a statement announcing the report's release, "It is no longer...