Word: weste
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Counterculture to Capital Berlin has always been different. During the Cold War era it was a magnet for young West German gays, punks and pacifists who got out of doing military service by moving there. They remain an important part of the culture: there are still squats in derelict buildings, and a vibrant, semilegal club scene. "The place still has an outlawish feel," says James Docwra, who works for an agency that books DJs. But in the transition from hippy to hip, some of the anarchy of earlier times has gone, particularly since the government moved from Bonn...
...Mitte and the residential district of Prenzlauer Berg. When the Wall went up, the East went down; fine apartment buildings, many of them damaged in the war, decayed further. Some areas were entirely razed to make way for the Wall and the death strips either side of it. West Berliners moved out into what had been leafy suburbs and the center of commercial life moved west. Now the city's focal point has shifted back east again, but it's an evolving process. There are still large areas of the eastern part of town that are filled with hideous communist...
...economically sputtering U.S., and as the U.S. looks increasingly to Asia for consumers to sell to and governments to borrow from, the question hovering over the summit is, Can the leaders of the world's fastest-growing region find a new economic model that works for both East and West? (See pictures of the global financial crisis...
...logic for closer Asian economic integration is becoming more compelling as intraregional trade becomes more important when compared with Asia's trade with the West. According to HSBC, the share of Asia's exports to the U.S. and Europe declined to 30% of the regional total in 2008, down 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...
...This marks a big change. As Thailand's Prime Minister Abhisit Vejjajiva said during the recent ASEAN summit, "The old growth model where, simply put, we have still to rely on consumption in the West for goods and services produced here, we feel will no longer serve us." This is especially true because China, which is poised to overtake Japan as the world's second largest economy, is an increasingly important trading partner for countries such as Japan, South Korea and Indonesia. "Asian firms would do better to reorient their exports and production towards meeting the demand of Chinese consumers...