Word: modell
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Dates: during 2000-2009
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...face of economic contraction, we're rethinking things we used to take for granted. The opening piece, by Barbara Kiviat, acknowledges that in these difficult times, plain old jobs, not stocks or real estate, are our most valuable assets. Sean Gregory writes about a new minimalist model for the shopping experience, and Bryan Walsh looks at how the suburbs are reimagining themselves now that the economy can no longer support the massive shopping centers that used to define them. Krista Mahr in Hong Kong reports on how the crunch is fueling a new kind of international trade: countries with money...
...never have generated by itself. Eager to raise living standards in their own countries, Asian policymakers and business people latched on to that formula. The economies of South Korea, Taiwan, Hong Kong and Singapore did so with such success that 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...
...some ways, Asia's growth model came to resemble a vast Ponzi scheme--one precariously perched on expectations that debt-soaked Americans would buy more TVs, computers and cars forever. Those expectations have been dashed, leaving the tigers with excess manufacturing capacity and a burgeoning army of unemployed workers. At Taiwan's Hsinchu Science and Industrial Park, home to many of the island's flagship tech firms, most workers are taking unpaid leave at least one day a week. Ryan Wu, chief operating officer of the job-search website 1111 Job Bank, says conditions at Hsinchu have never been...
...economist Stephen Roach, chairman of Morgan Stanley Asia. Ajay Chhibber, director of the Asia bureau at the United Nations Development Program in New York City, says the tigers can't expect to weather this recession by temporarily increasing government spending to boost growth until Western export markets recover. "The model where you stimulate and [then] go back to the old days is gone," he says...
...support the creation of art. Video game music composition, perhaps more than any other genre, struggles with the stigma of being a monetized art form—one which caters exclusively to a client’s vision rather than the artist’s. This deeply engrained Romantic model of the artist and his muse might result in a public reluctance to accept video game music as a worthy pursuit.“There’s a degree of compromise there, and I think anyone who tells you there is no compromise is lying...