Word: port
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...xenophobia thesis makes sense when situated in a palpably post-9/11 national context. We’ve had fractious debates on the Dubai port scandal, immigration across the Mexican border, and outsourcing to India; Americans today are more distrustful and, in cases like this, possibly more resentful, of foreigners than they were 10 years...
...should be neater, of course," says Joy Imobighe, a hotel accountant in Port Harcourt, when asked her whether she supports the Bank's campaign. "The neatness to a certain extent determines the value." And as the unorthodox marketing campaign makes clear, Nigeria's authorities would prefer that the Naira be worth a whole lot more...
...Investors' newfound interest in north Vietnam can't be explained just by simplified commercial procedures. The north has a number of advantages over the south, including lower wages, cheaper real estate and a nearby port that is less clogged than Saigon's. Sumitomo, the Japanese real estate giant, first looked to the south when it was planning to build a Vietnamese industrial park in 1997. But after comparing Saigon's infrastructure and labor costs, the developers chose Hanoi instead, and the gamble paid off. The first two phases of Sumitomo's 300-hectare Thang Long industrial park in Hanoi sold...
...Still, the bullish investment is offset by common developing-country woes. Infrastructure hasn't kept pace with growth; electricity, telecommunications and port fees are relatively costly. Last summer, a drought in the north reduced hydroelectric generation and the government was forced to implement rolling power outages. Vietnam still hasn't developed support industries to supply parts and services to factories, forcing them to import parts and expertise. Meanwhile, restrictive labor laws make it virtually impossible to fire unproductive workers, and managers in foreign-owned factories complain about pervasive government corruption and interference. In January, Hanoi abruptly decreed that the minimum...
...cost of the war abroad against investments at home. Had the U.S. taken the billions of dollars spent on the war and instead invested in a moon-shot-style program to gain energy independence, would such a war even have been necessary? What about investments in education and port security, and in shoring up Social Security? I am no expert, but it would be nice to hear that debate from those who are. Jules Kopel-Bailey Princeton, New Jersey...