Word: taiwan
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Dates: during 2000-2009
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...generated factory jobs for impoverished farmers, established infrastructure to supercharge commercial development and otherwise produced wealth that South Korea could never have generated by itself. Eager to raise living standards in their own countries, Asian policymakers and business people latched on to that formula. The economies of South Korea, Taiwan, Hong Kong and Singapore did so with such success that they became known as the Asian tigers. Their growth model produced miracles--and, as Park said in a 1965 speech, exports were "the economic lifeline...
...polarization, all but collapsed as a result of the tariff war, leading to the meteoric rise of the National Socialist Workers’ Party in the parliamentary elections of 1932. Today, Hungary and Ukraine are in danger of defaulting on their already-generous IMF loan packages, while South Korea, Taiwan, and Japan fear for the long-term health of their economies. If America slides into protectionism, the relative geopolitical stability of the post-Cold War era may come into question...
...matter of defective toys and toxic foodstuffs. Although at earlier points in our history we woefully mistreated African Americans and Native Americans, we lecture China about its treatment of Tibet and sell arms to what the Chinese regard as a “break-away” province, Taiwan. We compete with China for natural resources and influence in the developing world. Now, the only reliable component of the equation, economic interdependence, is threatened by the global credit crunch, which is closing off China’s export markets and inducing it to spend more of its yuan at home...
...Japan's Nikkei fell to a near 26-year low before rebounding and closing down just 0.7% on Tuesday. Hong Kong's Hang Seng retreated 2.3% and Shanghai's main index dropped 1.1%. Seoul's KOSPI, however, finished up 0.7%, with Taiwan's index also slightly higher. (See pictures of the global financial crisis...
...play with poop and swirl it on a stick. Inspired by that image, Wang began selling chocolate ice cream swirls on paper squat toilets. Customers loved them and wanted more edible excretion experiences, so he opened Modern Toilet in 2004. The theme-restaurant chain now has seven outlets in Taiwan, one in Hong Kong and one opening in Shenzhen, China, this week. Plans for other cities in China, Macau, Kuala Lumpur, Malaysia are also under way. Dinner à la latrine, anyone...