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...will not happen overnight. Little does in China. The country's leaders must carefully manage the five-year transition to full WTO compliance. The potential for social and political unrest will be high, as an estimated 10 million peasants leave their land to search for new work in the cities. Even the executives and heads of government oohing and aahing at the fireworks in Shanghai at October's Asia Pacific Economic Cooperation forum wonder to what extent China will play by the rules or find clever bureaucratic ways to keep goods and services out, as Japan and Korea often have...

Author: /time Magazine | Title: Free Trade: China's New Party | 1/28/2002 | See Source »

...trouble is, nobody knows who will rule China in 2008. By then the Communist Party will have undergone a tricky succession; its previous two changes came amid purges and massive unrest. Olympic scrutiny intensified upheaval in Mexico in 1968 and South Korea in 1988. Awarding China the rings now could be like arranging a marriage for children, then inviting the whole world to critique their maturity. And once China is wed to the Games, marital spats may be inevitable...

Author: /time Magazine | Title: The Softer Touch | 1/15/2002 | See Source »

...improve the competitiveness of Argentine exports. But that will mean rising prices at home and substantial bankruptcies, among both households and businesses. (Most Argentine debts are denominated in dollars and will now have to be repaid with less-valuable pesos.) If rising prices and bankruptcies lead to more social unrest, watch out. Not long ago, Latin America was known less for the democratic transfer of power than for autocrats with epaulets on their shoulders. So far, nobody has suggested that Argentina's crisis might be solved by a smack of military discipline. But more disorder could change that judgment...

Author: /time Magazine | Title: How Argentina Blew Its Big Chance | 1/14/2002 | See Source »

Wurtzel is aware that a cultural climate dominated by national tragedy and international unrest may not be entirely receptive to the confessions of a socially privileged, middle-class drug addict, but remains hopeful...

Author: By Irin Carmon, CRIMSON STAFF WRITER | Title: Author Wurtzel Finds a Niche for the Bitch | 1/11/2002 | See Source »

...nation, leaving Chinese citizens wondering what has happened to the country's once-vaunted social stability. For years, Chinese have proudly proclaimed that their country was free of violent crime; terror was something that gripped faraway American cities. But only last month, President Jiang Zemin reiterated that squelching social unrest was his top priority. Yet since Jiang's address to senior government officials in late November, the rate of bombings has actually increased, leaving nine dead and scores injured. "This is a new, dangerous phase in the nation's history," says Joseph Cheng, a politics professor at the City University...

Author: /time Magazine | Title: Bang Goes Stability | 12/31/2001 | See Source »

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