Word: remains
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...world has been too quick to dismiss the U.S. Its political culture, though chaotic, allows for the vigorous debate that leads to self-correction, while Americans remain unparalleled in their ability to innovate. That's why the U.S. is still a beacon of hope and opportunity. The number of professionals with advanced degrees who became permanent U.S. residents in fiscal 2008 was eight times greater than...
...policies. Such a fragmented banking system has long been a major complication for China's central bank and its execution of a coherent monetary policy. Asia's rural-urban dichotomy also creates a natural fragmentation to its social and economic fabric - underscoring ever widening income and educational disparities that remain a major source of instability in the region. Widespread corruption further complicates the macro implementation of Asia's development imperatives. The more the region matures and makes further progress on the road to economic development, the greater the need for improved macro coordination...
...Asia requires. But change has been at the core of all the Asian miracles of the post - World War II era. Once again, circumstances require this dynamic region to look inside itself and reinvent the model that will take it to the next phase of its remarkable journey. I remain confident that Asia will be able to pull it off. At the same time, I don't underestimate the risks that the Next Asia will face as it once again moves out of its comfort zone. That's something we all have in common in looking to the postcrisis...
...Although Selebi's trial signifies a step forward in prosecuting allegations of corruption in South Africa, few expect it will do much to clean up the country's politics. With the prosecutor's dropping the corruption case against Zuma weeks before he was elected, the allegations against him remain unresolved. And while Zuma has taken pains to include a broad spectrum of leaders from different parties and factions within the ANC in his Cabinet, his appointment earlier this month of Mo Shaik to head South Africa's intelligence service raised a few eyebrows. Shaik's brother Schabir Shaik was convicted...
Still, the Mehsud network and its deadly allies remain a major threat to Pakistan's stability. In perhaps its toughest challenge yet, the Pakistan army is gearing up, after much reluctance, for a ground offensive in South Waziristan to target what remains of Baitullah Mehsud's group, more than 5,000 well-armed central Asian fighters known for their brutality, and Arab fighters belonging to al-Qaeda. From their eastern patch of South Waziristan, the militants have authored close to 250 suicide attacks across Pakistan in the last 2½ years and trained other militants who have spread the Pakistani...