Word: westernizes
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Dates: during 2000-2009
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Today the tigers are being tripped up by this same lifeline. As consumer and industrial demand dries up in recession-racked Western countries, East Asia's export-led nations are proving to be highly vulnerable to a synchronized global slowdown. Among the tigers, overseas trade is shrinking with frightening speed: Taiwan's exports in January plunged 44% from the same month a year earlier, while Singapore's fell 35% and South Korea...
...only just begun," said economist Stephen Roach, chairman of Morgan Stanley Asia. Ajay Chhibber, director of the Asia bureau at the United Nations Development Program in New York City, says the tigers can't expect to weather this recession by temporarily increasing government spending to boost growth until Western export markets recover. "The model where you stimulate and [then] go back to the old days is gone," he says...
...abyss, nothing seemed more unlikely than a European film renaissance. George C. Marshall and the plan that would bear his name would change all that, however inadvertently.From March 12 to March 19, the Brattle Theatre is showing a series of films funded by and promoting the Marshall Plan in Western Europe in a program called “Selling Democracy, Films of the Marshall Plan: 1948-1953.” The event, organized by curator Sandra P. Schulberg and funded by the Goethe-Institut (a German non-profit cultural institute), features 25 short films constructed around the Marshall Plan?...
...studied abroad, then Halloween would only have lasted one day, as it usually does. But in Tanzania, where I did a homestay with a Maasai family, Halloween lasted at least five days, during which I dressed up in full Maasai gear. My homestay mama was quick to replace my Western clothing with appropriate apparel to fit in with her family—I looked just like everyone else in my five layers of red blankets and copious jewelry...
...built both its postwar prosperity and social stability is broken. Japan's spectacularly successful export-oriented industries were responsible for creating the world's second largest economy, and their lifetime-employment policies, with generous benefits, obviated the need for a comprehensive social safety net of the sort familiar to Western Europeans. Then came the bubble. After financial markets were liberalized in the 1980s, Japan went on a debt-fueled binge that made modern Americans look as thrifty as Amish farmers. The stock market soared into the stratosphere, and property prices went so haywire that it was common to claim that...