Word: sectoral
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...Saudi Arabia, unemployment is officially 11.6% - and that's among men only. Some 65% of the population in the broader Middle East is younger than 30. For the region's governments to create jobs for all those young people, they will have to continue opening up to the private sector, foreign investment, and perhaps edge toward democracy. "The attraction of Dubai to the other Middle Eastern countries was a state model of development without democracy, but that's not sustainable anymore," says Krane. "You may see some kind of compromise in Dubai, a renegotiation in the relationship between the ruler...
...Indian Defense Minister, A.K. Antony, called this week's massive defense-industry trade show, Defexpo 2010, "an endeavor to showcase India's capabilities in land and naval systems as well as its emergence as an attractive destination for investment in the defense sector." His junior minister, M.M. Pallam Raju, was a little more blunt. He called the event, which attracted more than 600 companies from 35 countries, a "one-stop shop." India is emerging as one of the most important defense markets in the world, with billions of dollars to spend, and the global defense industry is only too happy...
...nuclear” translates directly into “nuclear weapons.” We should not, however write off “nuclear” so easily, as the same technology used in such devastating weapons offers much potential for positive growth in the energy sector. President Obama acknowledged this possibility when he announced Tuesday that the Energy Department will give an $8.3 billion loan in order to construct two new nuclear reactors in Georgia. Nuclear energy offers a cleaner alternative to fossil fuels as an energy source, does not produce greenhouse gases, and can help decrease the United...
...Under pressure from the European Union, the Greek government has outlined a series of public-sector wage cuts and tax increases that are intended to help slash the deficit from the current 12.7% of GDP to the E.U. limit of 3% by 2012. While the impact of the new measures has yet to be felt, the delayed effects of the broader economic crisis are beginning to bite. The country slipped into recession last year and is now facing its worst economic contraction since 1987 - the last time Greece was forced to implement austerity measures following a previous round of government...
...long as mass corruption, dirty money and banking secrecy are not eradicated together as a single priority, you'll never defeat the sub-activity within that funding terrorism," says François Valerian, head of private sector programs at the Berlin-based anti-corruption organization Transparency International. "Western nations recognize the urgency to treat this problem when it involves terrorism, but they become more pragmatic when it's in the form of ordinary corruption bleeding entire countries...