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...understand why, it's important to remember what made the miracle happen. At the root of the Asian economic success were two decades of robust export performance, much helped by undervalued currencies. (It was when the U.S. dollar, to which many local currencies were pegged, started to rise in the mid-'90s that systemic weaknesses in the Asian economies became apparent.) But "outward orientation," as the academics called it, wasn't the whole story. Domestic demand grew rapidly too. Two components of Asian domestic economies were particularly important. First, there was construction, which remade the skylines of every city from...

Author: /time Magazine | Title: A Sun Rising In the East | 5/20/2002 | See Source »

...Adio worked toward acceptance in the U.S., the political climate in his native country changed drastically. Abacha died in 1998, and Adio sees the potential for democracy to take root in his native country both as a gift and as a challenge to Nigerian journalists...

Author: By S. CHARTEY Quarcoo, CRIMSON STAFF WRITER | Title: A Journalist Through and Through | 5/20/2002 | See Source »

...Mostly because they literally look terrible. (The man even fidgeted at his own installation, and I’d guess he was pretty interested in that.) I don’t know how much he can help it. But I would argue that it’s at the root of every major problem he’s had this year...

Author: By Vasugi V. Ganeshananthan, | Title: Image is in the Eye | 5/17/2002 | See Source »

...midst of Israeli security operations - and indications right now are that Israel has no intention of relinquishing its grip on PA territories in the West Bank. While they may agree on elections in principle, Arafat and the legislature may differ sharply over reforming his cabinet. Palestinian efforts to root out corruption and create a more transparent, accountable, democratically mandated leadership are centered on the demand that the chairman dissolve his cabinet, and select a new one to be approved by the legislature in the next 45 days. Not only that, the legislature has voted that the cabinet should be pared...

Author: /time Magazine | Title: Palestinian Reform: A User's Guide | 5/17/2002 | See Source »

That promise is the root of the problem, but after hours on the phone with Julie, it's clear Tricia thinks there's been a breakthrough and that compromise is suddenly possible. They already agree on one goal. "I spoke to former President Gerald Ford on April 23," Julie says, "and once the Bebe money is dispersed, he'll make it his personal crusade to get the Nixon library into the federal system." On Friday Julie was changing her schedule around to be at Tricia's side for a literacy event whose host was First Lady Laura Bush on Monday...

Author: /time Magazine | Title: Peace Is At Hand | 5/13/2002 | See Source »

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