Word: regionalize
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...long as the engine wasn't broke, they weren't inclined to make extraordinary efforts to fix it. Now, it appears Asia's primary growth driver is, at the very least, badly bent. Meaningful reforms that diversify the sources of economic growth may be needed if the region is to avert a prolonged period of moribund economic activity...
...diversification must come in the makeup of the tigers' export markets by strengthening and extending trade links beyond the U.S. and Europe. Policymakers in Taiwan aim to do this by stimulating trade with other emerging markets, such as Russia, Brazil, India and the Middle East. Commerce within the region also needs a boost. The tigers need to "open up trade among the markets here, and to develop local goods that are attractive to local markets," says Joe Zveglich, assistant chief economist at the Asian Development Bank in Manila...
...BASE Kyrgyzstan's parliament voted to unilaterally terminate a U.S. lease on Manas Air Base (above), the only such facility left in central Asia, depriving Washington of a crucial staging point for troops, munitions and cargo destined for Afghanistan. Moscow, which has opposed America's presence in the region, pledged over $2 billion in loans to bolster Kyrgyzstan's faltering economy shortly before the decision was made, though both parties insist that the aid was not contingent on the base's closure. U.S. negotiators hope Manas will be reopened in the future, pending further financial discussions...
...Whether you call it Paris métropole or a Greater Paris, structuring the city within the framework of an enlarged, better-organized region is a major key to both the future of Paris and its tourism industry," says Jean-Bernard Bros, deputy mayor of Paris in charge of tourism. In tourism terms, that's already happening, with people traveling to or staying near attractions such as Versailles and its famed château to the west or the Marne-la-Vallée home of Disneyland Paris to the east. But the plan is to now go farther in other directions...
...director general of Paris' Office of Tourism and Conventions. As an example, he cites the skyscrapers built in the western enclave of La Défense for companies looking for headquarters, offices and big hotels that couldn't be constructed in town. "In that way, Paris remains protected, while the region benefits from innovative construction similar to London's," he says...