Word: regionalization
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...thanks largely to the world's new rich. Russia imported 731,322 bottles in 2006--39% more than the year before. China's imports increased 50%. That demand has pushed Champagne, the beautifully austere part of northeastern France that produces this nectar, to the brink. "For 30 years the region of Champagne has always succeeded in coping with demand," Frédéric Cumenal, president of the world's top brand, Moët & Chandon, said recently. "Today that's no longer the case. We will soon hit a wall...
...questionable, however, whether or not such a use of money is healthy, especially for developing regions like Asia. High-end consumerism is at the root of a great many social and environmental concerns in Asia. For instance, consumer protection organizations have formed in South Korea to campaign against “overspending mania†that is sweeping the country. Native Asian wealth is being whisked abroad to support the economies of foreign nations, creating illiquidity for local investments. In China, factory employees work long hours in outsourced textile production, making the region a smoggy, grey-skied dumping ground...
...aspirations towards the designer stratosphere, Project East calls into question some of the complications that surround the high cultural valuation of elite brands and designer labels. As the self-designated spokesperson for Asian designers, perhaps it should seek awareness of fashion consumerism’s impact on the Asian region as well. After all, it is the priority of developed and developing economies worldwide to fulfill the needs of the societies they reflect. To determine what these needs are, each one of us has the social responsibility to decide the aspects of consumerism that arise from internal satisfaction versus external...
...between 1976 and 1987 after Spain withdrew from its former colony of Western Sahara. The fact that the Spanish monarch's visit to Melilla on Tuesday coincides with the anniversary of the Green March - the day in 1975 when 350,000 Moroccans poured into Western Sahara to claim the region - only adds to the friction...
...recent rash of suicide bombings, beheadings and kidnappings of military personnel in the onetime tourist enclave has brought Pakistan closer to the brink in its faltering war against terrorism. Military forces have been battling an Islamist militia led by a radical cleric determined to establish Sharia law in the region. Yet the truth is, Swat's militancy has been festering for well over a year, with Musharraf's government unable to rein in the charismatic Mullah Fazlullah, who has spread his message over the airways in weekly radio addresses...