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...Such celebration may be premature. As 2008 came to an end, every economy in the region had either slowed sharply or tumbled into outright recession. Far from having the autonomous capacity to decouple from weakness elsewhere in the world, export-led developing Asia had become even more tightly tethered to foreign markets than was the case a decade earlier. The export share of panregional gross domestic product (GDP) hit a record 47% in 2007, fully 10 percentage points higher than the portion in the late 1990s. With approximately 50% of those exports earmarked for the rich countries of the developed...

Author: /time Magazine | Title: The Evolution of Asia | 10/12/2009 | See Source »

...inquiry rejects outright the Russian allegations that Georgia had carried out a genocide against the South Ossetian population, but it accepts Tbilisi's charges that ethnic cleansing took place against Georgians driven from South Ossetia in the conflict...

Author: /time Magazine | Title: Both Sides to Blame for the Georgia-Russia War | 9/30/2009 | See Source »

...those living in Delhi have no trouble admitting, that the nation's capital is the rudest of the country's metros. It's aggressive - just watch the motorists, cyclists and pedestrians fight it out on the roads, willing the other to give way with loud horns, murderous looks or outright elbowing. It's uncouth - no one even blinks at jumping queues or spitting betel juice or urinating in public. It's loud and brash, entirely unabashedly...

Author: /time Magazine | Title: Can India Tame Its Intractable Capital? | 9/28/2009 | See Source »

Diplomatically, China began laying down public markers in advance of this December's U.N. summit on climate change in Copenhagen, which activists hope will succeed where Kyoto failed: getting governments to agree on enforceable reductions in carbon emissions. Earlier this summer, Beijing said it would commit to outright reductions of its CO2 emissions more than 40 years from now - by the year 2050. That two-generation time frame, which disappointed some critics, reflects a central reality in China. A lot of its leaders (not to mention its citizens) are deeply distrustful of the extreme rhetoric coming from the West...

Author: /time Magazine | Title: Has China Really Gotten Serious About Climate Change? | 9/24/2009 | See Source »

...These kinds of posts on the most popular chat rooms have attracted thousands of comments. A few have been supportive of Lou, but the rest range from expressions of fear and ignorance to outright racism. One of the most popular posts about Lou Jing on the KDS Life forum asked in mock seriousness, "Is it possible that she is Obama's daughter?" Another poster said, "I can't believe she's so shameless that she would go on TV." Most of the critics are agreed on one point: that this black woman cannot be regarded as a "real" Chinese...

Author: /time Magazine | Title: Can a Mixed-Race Contestant Become a Chinese Idol? | 9/23/2009 | See Source »

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