Word: regionalization
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Dates: during 2000-2009
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...rates while investing in another currency that offers a significantly higher short-term yield. One factor behind its growing popularity in Asia is because the other side of the trade - the currency one buys with the dollars one cheaply borrows - are mostly to be found in the Asia-Pacific region. Most coveted, according to traders, are the Australian dollar, the Indonesian rupiah, and even the infrequently circulated Sri Lankan rupee...
Indonesia is currently home to more Muslims than any other country in the world—over 200 million—and Yudhoyono touted the nation as emblematic of the potential success of democratic governments in the region...
...need to use it? That's generally not a gamble insurers like to take. Fortunately for Green River Valley, King County belongs to the National Flood Insurance Program, which means that residents cannot be turned down for flood insurance (unless they've built something in direct violation of regional flood codes, that is), and that effectively, even though some 90 insurance companies administer the policies, it is the government providing the insurance itself. "There is nobody in the Green River area that should not be able to get flood insurance," says Jeff Woodward, the region's insurance-program specialist...
...Manila, faced with elections in the coming months, is indeed thinking of long-term solutions to its infrastructure woes. Plans have been afoot to improve sanitation and also relieve the population burden in metro Manila by shifting certain businesses and government offices to areas outside the dense capital region. But the challenge facing the Philippines and other poor Asian countries is one of resources. Most Southeast Asia nations budget around 2% or 3% of their GDP for infrastructure development. To fend off such disasters in the future, Jain says that figure ought to be closer...
...more should have been done to help its millions of residents prepare. A recently published study by the Economy and Environment Program for Southeast Asia (EEPSA), a research group based in Singapore, ranked metropolitan Manila as one of the provinces in Southeast Asia most vulnerable to flooding. The capital region is perched on a marshy isthmus that is crisscrossed with streams and rivers. An ever-growing population - Manila is now a sprawling mega-city of some 12 million people, larger still when factoring in the day-worker population - and the lack of infrastructure to accommodate it left swaths...