Word: socialize
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...Literature I'm a big fan of the Indonesian novelist Pramoedya Ananta Toer because of his outspokenness and his descriptions of the social conditions that existed when the Dutch colonists arrived in Indonesia...
Taking Responsibility Your cover story was very insightful [Sept. 21]. Western conglomerates can increase their sales exponentially by reinvesting tiny percentages of their profits toward savvy corporate social responsibility. However, in Asia's context, companies are lagging behind in the social-responsibility stakes. It's without question that Asia holds the key for the future growth of many corporate multinationals and they ought to invest more meaningfully in community service and social uplift. Imran Maqbool, Karachi...
...many cases function autonomously with respect to deposit-gathering and lending policies. Such a fragmented banking system has long been a major complication for China's central bank and its execution of a coherent monetary policy. Asia's rural-urban dichotomy also creates a natural fragmentation to its social and economic fabric - underscoring ever widening income and educational disparities that remain a major source of instability in the region. Widespread corruption further complicates the macro implementation of Asia's development imperatives. The more the region matures and makes further progress on the road to economic development, the greater the need...
...culture of saving, this will not be an easy transformation. Here again, China undoubtedly holds the key. Its legendary excesses of precautionary savings are traceable to two major developments: massive layoffs associated with over 15 years of state-owned enterprise (SOE) reforms and the lack of an institutionalized social safety net. With SOE reforms likely to be ongoing - albeit probably at a slower pace in the years ahead - China needs more aggressive initiatives in the areas of social security, pensions, medical care and unemployment insurance...
...victory by Chancellor Angela Merkel's conservative Christian Democratic Union puts the party on track to form a new center-right coalition with the smaller Free Democratic Party, whose leader, Guido Westerwelle, is likely to be tapped as Vice Chancellor. Merkel's previous coalition partner, the left-leaning Social Democratic Party, suffered its worst election loss since World War II. Merkel and Westerwelle are expected to cut taxes, promote business and strengthen Germany's political partnership with...