Word: partly
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...Mixed Blessings When China began its global investment push in the early part of this century, the flood of new money was welcomed, particularly in those parts of Asia, Africa and Latin America that felt abandoned by the West. China's promise not to politicize aid and investment by attaching pesky conditions like improved human rights pleased many governments. Between 2003 and 2008, Chinese direct investment overseas skyrocketed - rising from $75 million to $5.5 billion in Africa, 1 billion to $3.7 billion in Latin America and jumping from $1.5 billion to $43.5 billion in Asia. The People's Republic...
...Still, the P.N.G. government didn't want to risk derailing such a major investment. A compromise was reached, part of which required the Chinese working at the mine to attend English-language classes. Yet not a single Chinese I spoke to at Ramu or Basamuk said they had ever attended any of these language courses. Furthermore, despite assurances that the Chinese working on-site were only engineers or other specialists, I saw Chinese sweeping up construction debris and doing other menial labor that locals could surely do. (See pictures of the making of modern China...
...Part of the price for that new reality, many in India believe, is a downgrading of their own concerns. Singh's U.S. visit coincided with the anniversary of last year's Mumbai terror attacks, which were orchestrated by Pakistan-based groups traditionally associated with Pakistan's military intelligence organization, the ISI. Obama and his envoy to Pakistan and Afghanistan, Richard Holbrooke, have urged India to make concessions on the decades-old Kashmir dispute in order to help Washington's efforts to get Pakistan to finally deal with the Taliban. But little has been done to coerce Pakistan to crack down...
...during the President's Beijing visit: it welcomed Chinese involvement in South Asia and spoke of Beijing's ability to "promote peace, stability and development in that region." In New Delhi, this was read as a sign of U.S. acceptance of China viewing South Asia - India's neighborhood - as part of its own sphere of influence. Chellaney sees the statement as a "return to a kind of Cold War thinking where two great powers can dictate terms to a lesser one." China's long-standing border disputes with India and its building up of the Pakistani military make many...
...auction's failure was due in part to the government's inflexibility. Baghdad is under pressure by Iraq's feisty oil unions and politicians, who have accused leaders of aiming to sell the country's riches on the cheap to gain a little short-term relief for the economy. Oil executives argued they should be paid as much as $3.99 a barrel - nearly double the government offer - because of the risks involved. Operating in Iraq means investing billions in an unstable country where foreign oil workers are routinely kidnapped and insurgents have blown hundreds of holes in pipelines. Rochdi Younsi...