Word: regionalize
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...impact they have had on the world cannot be denied. Asia has risen to new heights of wealth and power partly because of American policy, consumers and corporate practices. As Singapore's patriarch Lee Kuan Yew once told me, "Without the United States providing security and stability throughout the region, there would have been no growth...
...most dynamic and rapidly growing region in the world over the past decade, developing Asia has attained a new level of prosperity. From China to India, the region's per capita income has more than doubled since the wrenching Asian financial crisis of 1997-98. Since 1990, over 400 million fewer Asians are living in poverty on incomes of less than $2 per day. On the surface, the region has much to celebrate on the long and arduous road to economic development. Many believe the Asia Century is now at hand. (Read "Fortress Asia: Is a Powerful New Trade Bloc...
...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...
...uncoordinated and unsustainable." Little did he realize at the time how those "four uns," as they were later to become known, would pose an immediate and tough challenge to China's growth imperatives. Nor did he or other Asian leaders appreciate the broader implications of those insights for the region as a whole...
...Although President Obama's Mideast envoy, former Sen. George Mitchell, was in the region on Friday when the Peace Prize award was announced, it didn't help him cajole the parties back to the negotiating table. Far from anticipating an outbreak of peace, right now, in fact, the Middle East is bracing for the possibility that the escalation of tensions between Israelis and Palestinians - and the perceived failure of those Palestinian leaders aligned with U.S. peacemaking efforts - could ignite a new Palestinian intifada. And if a new confrontation does occur, it's a safe bet that there'll be voices...