Word: sez
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...first glance the promotion of Special Economic Zones (SEZs) would seem unlikely to attract much controversy. Many developing countries have used such enclaves to encourage foreign investment and manufacturing growth. India was, in fact, the first country in Asia to demarcate a special economic enclave when it introduced an "export processing zone" in Gujarat in the mid 1960s. But in the past few years, the country has been playing catch-up with places such as China, which used SEZs to kick-start its own incredible economic expansion almost three decades ago. India attracts barely 10% of the foreign direct investment...
...Perhaps stung by the mounting criticism, the Congress-led government this week decided to stop approving new SEZ applications until it can sort out some of the more contentious issues. There is talk that New Delhi will force any company operating in an SEZ to export at least half of its production. Whatever India's leaders do, you can be sure they will have one eye on public opinion, a handicap their Chinese counterparts rarely have to deal with...
...That experiment was a remarkable success. Eager to tap Shenzhen's low costs?especially for labor?foreign companies rushed into the SEZ, led by factory owners from nearby Hong Kong. The result was a decades-long boom, with Shenzhen's economy expanding at an average rate of 28% a year from 1980 to 2004, according to Hong Kong-based consulting firm Enright, Scott & Associates. Exports from Shenzhen reached $101.5 billion in 2005?13% of China's total. Today the city is home to some of China's most important electronics manufacturers, such as telecom-equipment firm Huawei Technologies and mobile...
BILL CLINTON Judge sez White House letter dump on Willey was illegal. Sex and lies? That's totally...
BILL GATES Judge sez he's predatory monopolist. Hit ESC, cop a plea and finish cleaning Windows...