Word: southeasterly
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Dates: during 2000-2009
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...military's stranglehold on the economy is what has most alienated the Burmese populace. Coup leader Ne Win quickly ruined one of Southeast Asia's most promising economies by unveiling the "Burmese Way to Socialism." The army took over colonial-era business concerns like shipping and banking. Even as civilians have grown poorer, the military continues to enrich itself through timber, mineral and natural-gas deals with Burma's neighbors. In 2005, the junta mysteriously moved the nation's capital from Rangoon to a new city called Naypyidaw, carved out of the jungle at a cost of hundreds of millions...
...since the heyday of independence, Burma's military has lost the love of its people. Coup leader Ne Win ruined one of Southeast Asia's most promising economies by nationalizing businesses and unveiling the disastrous "Burmese Way to Socialism." Paranoid about maintaining power above all else, the army has repeatedly turned its guns against its own people, most tragically in 1988 when a student-led protest movement was crushed, leaving some 3,000 dead. Even as the masses have grown poorer, the military has enriched itself through timber and natural-gas deals. In 2005, the ruling junta mysteriously moved...
...important for geopolitical reasons as well. The new production deal comes only months after Beijing beat Delhi on securing a deal to build a pipeline through to Burma's gas fields. The race for resources has helped make Burma the frontline in a larger struggle for influence in Southeast Asia. The threat of unfettered Chinese influence in Burma is one of Delhi's main ripostes when Western allies question India's ties with Rangoon...
Well, no. Despite pressure from Europe and the U.S. for India to use its influence with Burma to help end the bloodshed, Delhi has taken a softly, softly approach to the current crisis for the same reasons China has: potential trade with and influence over the energy-rich Southeast Asian nation. "We are concerned at the situation in Myanmar and are monitoring it closely. It is our hope that all sides will resolve their issues peacefully through dialogue," said External Affairs Minister Pranab Mukherjee in the single short public statement he has made on the subject...
Carmakers aren't just targeting India. Tata Motors has plans to export its econobox to Southeast Asia and Africa. Ratan Tata, chairman of Tata Motors' parent company, Tata Group, believes his company can eventually sell as many as 1 million cheap cars a year worldwide. That may be a realistic assessment. Globally, up to 3.7 million such vehicles could be sold annually within the next few years, mostly in fast-growing markets like Brazil, China, India and Russia, says Abdul Majeed, a partner at PricewaterhouseCoopers in Chennai (formerly Madras). "It's all about affordability and fuel efficiency," says Majeed...