Word: trended
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...from nearly 40% in 1998. Over the same period, intraregional exports as a share of total exports in emerging Asia rose to 54% from 46%. "Intra-Asian trade flows are the fastest growing in the world," says Lawrence Webb, global head of trade and supply chain at HSBC. This trend has accelerated since the financial crisis. HSBC predicts that trade among Asian countries will grow at an annual average rate of 12.2% until 2020. The region's trade with the U.S. is projected to grow 7.3% annually over the same period...
...levels of summer 2008. So why all the hullabaloo? Why the sky-is-falling talk? Part of it is political. When you hear Republicans trying to pin the dollar's troubles on the Obama Administration, for example, it's worth remembering that the dollar has been on a downward trend since 2002. There's also a noisy colony of goldbugs and other Cassandras who are always predicting the dollar's demise...
...trend is part of a larger movement toward voluntourism, i.e., trips with a heavy focus on volunteering. But unlike programs like Habitat for Humanity that pair weeklong projects with unglamorous accommodations, hotel-organized excursions generally take up no more than a day, and participants can cap off the experience back at the ranch with $15 cocktails and a night on high-thread-count sheets...
...Chinese imports, China retaliated in October with new levies on nylon imports. This month, the U.S. slapped duties of up to 99% on some Chinese-made steel pipes. China announced soon after that it was looking into imports of U.S.-made cars from manufacturers that received government support. The trend has economists worried about a trade war. But U.S. officials dismiss that notion, arguing that the affected goods comprise a small part of the massive trade relationship that surpassed $400 billion last year. The global economic slump has no doubt exacerbated tensions, but the U.S. and China have matured...
...difficult to get consumption to grow in a limited period of time." Greater consumer spending in China could have a big impact as well on the world economy. Cornell's Prasad figures that if China can increase growth of private consumption to 20% a year (much higher than the trend of nominal GDP growth of about 15%), global GDP growth would get a meaningful 0.25% boost. (See TIME's China covers...