Word: specializer
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...views Hong Kong as crucial because it offers an entrée to the outside world. China's capital markets, largely closed today, are being gradually opened, meaning ordinary citizens will eventually be free to invest some of their wealth outside the country - with Hong Kong, which is a Special Administrative Region of the mainland, as the likely first stop. Beijing last year proposed a new program, nicknamed "the through train to the Hong Kong stock exchange," that would allow individual Chinese to buy stock in Hong Kong for the first time. The city is a natural platform for Chinese...
...grant that as the art critic for TIME I'm in something of a special position. I'm part of what economists sometimes call the cultural workforce, someone who makes his living within the creative economy. All the same, I know from the stories told by friends and co-workers that a lot of New Yorkers have weeks that are not so different. Those economists can also tell you that the arts are a major factor, like a pleasant climate and good schools, that make a city attractive to the well-educated professionals who give a place a competitive advantage...
...decades of decent macroeconomic policymaking, the triumph of markets and the collapse of command economies, the dissemination of transforming technologies and tools such as the Internet, and open trading systems. All of these are the attributes that combine to form that much discussed phenomenon: globalization. But in this special report, we look at one overlooked aspect of a generation's worth of global growth: the extent to which New York City, London, and Hong Kong, three cities linked by a shared economic culture, have come to be both examples and explanations of globalization. Connected by long-haul jets and fiber...
...explaining how the influence game is played in Putin's Russia, you quoted an insider who referred to "money that the politicians raise quietly from corporate 'sponsors' that expect special treatment in return." Golly, the Russians are becoming as democratic as we are. Harry Torgerson, Great Falls, Mont...
...Bush received his warmest welcome in Saudi Arabia, where King Abdullah bin Abdulaziz al-Saud accorded him an honor reserved for special friends by inviting him to his horse farm outside Riyadh. But the Saudis didn't hesitate when it came to publicly disagreeing with Bush's views on various Middle East matters. Foreign Minister Prince Saud al-Faisal, standing beside Secretary of State Condeleezza Rice, pointedly declined to endorse her call for more Arab gestures toward Israel or her relatively rosy assessment of political reconciliation in Iraq. After Bush jawboned the Saudis about increasing oil production to bring down...