Word: sectoral
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...talks last week with three separate suitors - involving two Chinese firms - for the carmaker. Garel Rhys, director of the Centre for Automotive Industry Research at Cardiff University's business school, sees a happy ending at Rover. With Britain "the first place to get major Japanese investment" in its auto sector, "it would be in keeping to get the first major Chinese offshore investment," he reasons. Could the good times catch on over at Volkswagen? Peter Hartz, head of personnel at the German carmaker, quit last week in connection with a bribery and sex scandal. Separately, the firm unveiled a cost...
...social harmony, homogeneity and an equitable distribution of wealth, is bifurcating along geographic and social lines into camps of permanent winners and perpetual losers?the former a highly educated and trained core of ?lite employees and entrepreneurs working for internationally competitive companies, the latter an increasingly marginalized yet growing sector of society comprising primarily elderly rural poor and despairing urban youths like Ijiri. "In the past, people believed that the whole nation was getting wealthier, and the rich were simply the people who got there quicker," says Toshiki Satou, a sociologist at the University of Tokyo (U.T.). "But that...
...Filipinos act this way because we have an unduly large expectation of what a government can and should do: create jobs, provide subsidies, desist from taxing the people. Over time, we have assembled a large state sector expected to deliver the goods. But the ordinary citizen is reluctant to pay for a large state burdened by a wide assembly of public enterprises that chronically lose money. The upshot is a system in constant fiscal difficulty, and disposed to heavy borrowing that mortgages the future...
...social performance and in some cases setting targets for which they may be held accountable. Pressure from activists has led Wall Street firms like J.P. Morgan Chase to assess environmental risks when deciding whether to finance projects such as gas pipelines in ecologically fragile regions. In the industrial sector, GE comes tardy to the green party, following firms such as Alcoa, BP, DuPont and Shell, which several years ago set targets for cuts in greenhouse gases and promised greater reductions than...
...Research Institute. "I believe the quality of Japanese education will improve, especially if the current sense of urgency drives Japanese schools to start competing with M.I.T. and Harvard." As for Hagi, new investors are considering relaunching it as a training school for social services, including elderly care?one job sector that's sure to grow in aging Japan...