Word: naim
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...some in Syria, peace will come none too soon. One day recently, a teacher named Naim Khalil, 38, piled his wife and kids into the car and drove out to a dusty hillside west of Damascus. He looked past some barbed-wire fences and a minefield at some cousins standing on another ridge in the family village of Majdal Shams, under Israeli army control for 32 years. Holding up a battery-powered megaphone, he yelled out greetings and asked for the latest news. "I've been doing this since I was a boy," Khalil explains. "This is how I told...
Nicole J. Bergeron, Jonathan H. Essensten, Rachel P. Kovner and Edward W. Naim contributed to the reporting of this story...
China, meanwhile, is on track for 7% to 8% growth, and Asia's battered tigers appear to have bottomed out, according to Courtis. But Russia is far from recovery. And the choice this year in Latin America, says Moises Naim, editor of Foreign Policy magazine, is "between slowdown or meltdown. There's no other option." But the board agreed that this year's performance by the emerging economies will depend less on their own policy choices than on core country growth...
Last summer Russia's collapse had the peculiar result of spurring foreign banks and money managers to run screaming from Brazil--and Brazil's tumble cascaded through Latin America. "So we are living in this funny interconnected world," says Naim, "where a country that does not trade with Latin America, does not have investments with Latin America, is on the other side of the world from Latin America, crashes and takes down Latin America...
...especially to reduce their exposure to high-risk regions and sectors. That helped international markets shake off Brazil's latest shudder. The downside is that emerging economies are largely off the horizon of foreign portfolio managers, who feel safer on Wall Street no matter how giddy its prices. As Naim notes, Amazon.com now has a market capitalization that exceeds the entire stock market of Argentina...