Word: model
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Dates: during 2000-2009
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...Eager to raise living standards in their own countries, Asian policymakers and businessmen to varying degrees adopted the same fast-track formula. The economies of South Korea, Taiwan, Hong Kong and Singapore did so with such success they became known as the Asian tigers. Their growth model produced miracles - and as Park said in a 1965 speech, exports were "the economic lifeline...
...deficit to a record level. Yet there is a limit to what governments can do. Exports are simply too important to the tiger economies to be easily replaced. They represented 74% of Taiwan's GDP and 46% of South Korea's in 2007. "You can't change the [export] model," laments Song Seng Wun, an economist at CIMB-GK Research in Singapore. "You just have to make sure everyone can take the downturn...
...short, Asia's growth model resembles a vast Ponzi scheme, one that is precariously perched on the expectation that Americans will continue buying more and bigger TVs, computers and cars forever - which in turn allows Asia to forever goose its growth by adding industrial capacity to feed the West...
...improved in other areas such as the use of combined heat and power, where power plants recycle the waste energy from their operations as heat, which can be distributed to homes and businesses. Denmark last year was the first European nation to sign up for the innovative electric car model promoted by start-up company Better Place, which plans to construct a network of charging stations throughout the small country. Then there's the way Danes build. Denmark doesn't quite lead the world in green building, but it is expert in certain materials. Take VKR, founded during World...
...that investment and innovation are best tasted in an unlikely place that has emerged as the symbol of Denmark's greenness: Samso island. Located in the Kattegat Strait, Samso (pop. 4,300) was far from cutting-edge when, in 1997, it won a government competition to become a model for how a community can run on renewable energy. At the time Samso was entirely dependent on oil and coal, both of which it imported from the mainland. A little more than a decade later Samso is effectively carbon negative, producing more than 100% of the electricity it needs from renewable...