Word: area
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...decades, Statoil and Hydro relied on the plentiful reserves on the Norwegian continental shelf for almost all their output; last year, that area off the country's north and west shores accounted for more than four-fifths of the two firms' production. That bounty has made this nation of just 4.6 million people rich. Government taxes on the country's oil business - Norway is the world's fifth largest exporter by volume - have helped bloat Norway's national pension fund to around $350 billion. But those good times couldn't last forever. With fields beginning to dry up, oil production...
...wonder there's a catch-up movement afoot, with training being a focal point. "It's a very good area for someone to get into," says Cliff Johnson, director of public affairs for NACE International, an 18,000-member group that helps set standards within the industry. NACE also offers corrosion courses in the U.S. and in more than 80 foreign countries. A more traditional program is in the development stage at Ohio's University of Akron, which is planning to offer the country's first corrosion-engineering bachelor's degree program. Luis Proenza, president of the university, says...
...neighbor and ally consist mainly of investments by individual companies. But in South Korea, economic engagement with the D.P.R.K.--the Democratic People's Republic of Korea, as the North calls itself--is government policy. South Korea has invested heavily in two well-known public-private development projects: a resort area at Mount Kumgang and an industrial zone in Kaesong, about six miles (10 km) north of the Demilitarized Zone. There, 13,300 North Korean workers earning $70 a month churn out exports in conditions a former Western diplomat compares to a labor camp's. So far, 15 South Korean companies...
...charter member of the "axis of evil," there's the North's underwhelming track record when it comes to development schemes. Casting about for new investors after the collapse of the Soviet Union, the D.P.R.K. in the 1990s started a free-trade zone in Rajin-Sonbong, a remote area near the country's northeastern frontier. The experiment failed: the zone didn't attract much beyond a few hotels and a casino catering to Chinese tourists. Another special economic zone in Sinuiju, across the Yalu River from the Chinese city of Dandong, faltered in 2002 after the Chinese-Dutch orchid entrepreneur...
...crimes is not due to a change in policy and that the reason for the change is “difficult to explain,” although he suggested that a difference in the distribution of police officers could be responsible. “If you saturate an area with ten officers, you’ll naturally have a high arrest rate, whereas if you only have two officers, the number won’t be as high,” Pasquerello said. —Staff writer Nan Ni can be reached at nni@fas.harvard.edu...