Word: asia
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Dates: during 2000-2009
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...reading this in Africa, you're one of a few who can. With just 50 million Web users across the continent, as few as 5% of Africans access the Internet, a percentage far lower than in Asia, Europe or the Americas. In only a handful of African countries do more than 1% of the population use broadband services. (Among OECD countries, broadband penetration averages 18%.) And the services that exist don't come cheap. Broadband costs more in sub-Saharan Africa than anywhere else in the world: consumers in the region spent an average of $366 each month for speedier...
...investors are concerned about the potential negative impact Wall Street's woes will have on the U.S. economy. Though Asia's economies aren't as dependent on the U.S. market for growth as they traditionally were, exports to the U.S., Europe and Japan are still a key driving force in Asia's rapid development. Any global slowdown dims the outlook for Asia. "There will be important economic implications of the financial meltdown in the U.S. on Asia," says Dariusz Kowalczyk, chief investment strategist at CFC Seymour in Hong Kong. The continued financial chaos in the U.S., he says, raises fears...
...Today, immigrants from Africa and Asia, some who have no legal right to be in an E.U. member state, are typically aching to cooperate with authorities in order to gain legal residency or citizenship. After centuries living on the margins of established European society, often choosing separate schooling and housing, it can still be difficult to pin down what Roma want from the state. Seeing the issue through the eyes of Claudio the social worker was a reminder of how much this unique ethnic group confounds fixed ideas. Bologna is one of Italy's most productive and politically progressive cities...
...main worry of Asian investors isn't so much the stability of Asia's own financial system. For the most part, Asian banks and securities firms have not suffered the mortgage and property losses of their U.S. counterparts. Asia's financial institutions have become more conservative in recent years, having learned their lessons from past speculative investments in assets such as office blocks and shopping malls during the Asian financial crisis that began...
...Asia's economies have held up quite well, but in recent weeks, economists have been scaling back their growth forecasts. Merrill Lynch last week cut its Asia GDP growth estimate to 7.7% from 7.9% for 2008, citing weak demand in industrialized economies for Asian exports. Though that's far from a recession, Merrill says that Asian growth is falling below the expected trend of about 8%. Asian policy makers have been limited in their efforts to stimulate growth because of rising inflation, which has forced most central banks to hike interest rates. Indonesia, for example, raised its benchmark rate again...