Word: tradings
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What the Chinese government has not been able to solve because it does not have to power to is the rapid and intractable drop in exports. It shows how dependent the country is on its trade partners. With the recession in the major consuming nations deepening and signs that it may not reverse itself, China faces three more quarters of economic difficulty. Basically, the central government cannot spend its way out of its export problem...
...Dieudonné has occasionally tried to justify his anti-Semitic comments with claims that Jews were the main organizers and beneficiaries of African slave trade, and that they remain the main culprits behind the oppression of both blacks and Arabs. Increasingly, he's sought to position those accusations behind the stance of opposition to Israeli Zionism - which as a political view is difficult to prosecute, even when it flirts with anti-Semitism...
...like a difficult geography, with lots of desert and few navigable rivers. The long impoverishment of the Indian population blighted the whole nation's economic prospects. Despite all this, Mexico's economy has always had vast potential, but during the PRI ascendancy, the nation was closed off from world trade, in thrall to discredited theories of import substitution...
...heart to a remarkably talented (if occasionally arrogant) set of technocrats. Forgiving the mid-1990s, when the peso had to be rescued by the Clinton Administration, the Mexican economy has shown great resilience in the past 20 years as Mexico oriented itself to the outside world, joined the World Trade Organization and signed the North American Free Trade Agreement with the U.S. and Canada. Even in the first years of this decade, when the shift of global manufacturing to China threatened to derail Mexican progress, the economy held its own. Politically, the election of the conservative Vicente Fox as President...
...much helped by the country's early accession to the European Union, with all the real and symbolic benefits that flow from it. The U.S. is never going to offer Mexico the sort of benefits - the free movement of labor, aid with infrastructure development and a common external trade policy - that E.U. member states enjoy. And Mexico, with an always prickly sense of its sovereignty, would never submit to the supranational supervision of its policies to which E.U. nations agree...