Word: oils
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...much as some of its citizens may continue to romanticize France's place in the world, the Asterix syndrome no longer really applies to France, if it ever did. The world's fifth biggest economy is as globalized as any other country. French businesses such as oil giant Total, retailer Carrefour and carmaker Renault are fixtures in the FORTUNE Global 500. President Nicolas Sarkozy (nicknamed l'Américain) openly admires American entrepreneurialism. Last year, his government announced plans to make youngsters bilingual in French and English by the time they finish school. Frenchmen head two bastions of globalization...
...policy side, it is the work I did on the U.N. I led investigations into the Oil-for-Food scam that Saddam Hussein perpetrated. That became part of a larger discussion on U.N. reform. My lament is that it hasn’t gone far enough—that the U.N. still needs reform. I believe we need a United Nations, but if we’re going to make that investment, we need greater transparency and accountability...
...credits to Chinese state-owned companies seeking to build a base in Africa. Incentives are given to Chinese manufacturing and retail businesses in addition to exploration and construction companies. In return for so-called "no-strings-attached" aid and cheap loans to African countries, Beijing expects privileged access to oil and resources, political support in institutions like the U.N., and African governments - be they good, bad or despotic - to give Chinese companies the first opportunities to reach local consumer markets...
...mean a country is more economically successful, Fitoussi, who joined the discussion through a video conference call, said that socially harmful activities can also lead to an artificial increase in a country’s GDP. For example, he said an increase in road traffic would drive up oil consumption and lead to larger GDP numbers that “obviously misrepresents the social wellbeing...
...inflation has decreased to single digit percentages, residents of East Tehran expressed to TIME their concern about rising bread prices and the possible removal of energy subsidies by the government in the coming year. As in the rest of the world, Iran's economy has slowed down from its oil-fueled overheated state just two years ago. The government, however, has yet to explain to most people if any economic good will come via a nuclear agreement...