Word: crisises
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But that's not the only challenge that Asia faces. Significantly, Wen's warning was not just about the imbalances of an economic and financial structure that had become overly reliant on exports. By raising concerns over instability, he was also cautioning of the perils of overreliance on energy, industrial...
See pictures of the global financial crisis.
Change and growth have been the mantra for Asia for the past quarter-century. But the endgame of sustained economic development and rising prosperity continues to be a moving target. Developing Asia has enjoyed spectacular success in the decade after the wrenching financial crisis of the late 1990s. But, as...
Nearly two weeks after stealthily returning to the country, ousted Honduran President Manuel Zelaya remained bunkered in the Brazilian embassy with dozens of supporters. Honduras' de facto leader, Roberto Micheletti, gave Brazil's President 10 days to decide what to do with Zelaya but backed off a plan to limit...
The bad economy has been good news for Rand's legacy. Her fierce denunciations of government regulation have sent sales of her two best-known novels, The Fountainhead and Atlas Shrugged, soaring. Yet her me-first brand of capitalism has been excoriated for fomenting the recent financial crisis. And her...