Word: sharing
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...logic for closer Asian economic integration is becoming more compelling as intraregional trade becomes more important when compared with Asia's trade with the West. According to HSBC, the share of Asia's exports to the U.S. and Europe declined to 30% of the regional total in 2008, down from nearly 40% in 1998. Over the same period, intraregional exports as a share of total exports in emerging Asia rose to 54% from 46%. "Intra-Asian trade flows are the fastest growing in the world," says Lawrence Webb, global head of trade and supply chain at HSBC. This trend...
...poor boy who loves to box is rejected by a local squad but then journeys many islands away, to the country's metropolis, Manila, to make it big. Then he leaves the Philippines to make it even bigger, conquering the world again and again to bring back riches to share with his family and friends. Now, in his hometown of General Santos City on the island of Mindanao, he and his family own commercial buildings, a convenience store, cafés and a souvenir shop that sells everything from DVDs of his fights to T-shirts to bobblehead dolls. In Manila...
WEBSITE of France's Ministry of Immigration and National Identity, asking citizens to share thoughts on patriotism, national values and the growing number of minorities entering the country...
...continues to head in the wrong direction. Private consumption accounted for a mere 35% of GDP in 2008, down from 46% in 2000. China's ratio stands at about half that in the United States, and even trails the level in comparable emerging markets, such as India, where the share is 57%. What those figures tell us is that Chinese consumers may be spending more, but not nearly enough to ensure sustainable growth for the Chinese economy down the road. "The consumer revolution already has been happening, but it could be much, much better," says Yuwa Hedrick-Wong, an economic...
...going to take it. "I know I'm Puerto Rican," said a woman on the plane over from New York, "but I love the Pacman." The rowdy rivalry between the two island peoples (appropriately abbreviated P.R. vs. R.P., Puerto Rico vs. the Republic of the Philippines) did its fair share to rev up excitement in a town that is used to ethnic marketing (note the billboards for visiting superstars from South Korea, north Africa and Israel, alongside those of Bette Midler and Carrot Top). On fight night, national flags were worn as athletic costumes, though the big money men were...