Word: modelings
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...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...
...potential retrenchment of spending has taken place, even after the dramatic decline at the end of 2008. "The imbalance that contributed to the crisis - overconsumption and excessive savings - cannot continue," says Ajay Chhibber, director of the Asia bureau at the United Nations Development Program in New York City. "The model where you stimulate and [then] go back to the old days is gone...
...second layer of diversification requires reducing overall dependence on trade by promoting domestic consumption and expanding service sectors. Park Chung Hee's growth model discouraged investment in domestically focused sectors and consumer spending - both of which could provide a cushion to Asian economies in global downturns. Vestiges of his biases remain, to the detriment of the South Korean economy. For example, South Korea hasn't developed the kind of social services, such as day-care centers for the children of working parents and homes for the elderly, that would relieve some of the financial burdens on working-class families...
...There are also some specific lessons from our experience. In many of the situations where you need to bring leaders to account, [you can apply the Sierra Leonean model of] a hybridized court, where you obtain local and international support to bring people to justice and call their bluff. The International Criminal Court is often told, "You are just prosecuting cases in Africa. You are biased against Africa." The answer, I think, is a hybrid model able to deliver the kind of cooperation that an international court sitting outside the region with an exclusively U.N. staff cannot...