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...Taiwan's success in electronics is a prime example of economic policies that lifted the island from poorhouse to powerhouse in a generation. But these days, the model that Taiwan has followed since the 1960s - concentrating heavily on building industries that could export to the wealthy West - has been exposed as dangerously flawed. Amid the global recession, electronics exports plunged 28% in the first half of 2009 compared to a year earlier, contributing to a 10.2% contraction of Taiwan's first-quarter GDP, the worst quarterly performance in the island's history. The government forecasts the economy will shrink...

Author: /time Magazine | Title: Taiwan: How to Reboot the Dragon | 7/27/2009 | See Source »

...office of President Ma Ying-jeou. Government and business leaders believe Taiwan needs to become more diversified and integrated into the regional economy, which is increasingly dominated by China. "The main lesson we learned in the financial tsunami is that we are only dependent on our export industry, in particular IT," says San Gee, deputy minister of Taiwan's Council for Economic Planning and Development. The idea is to "transform our overall economy to a different stage...

Author: /time Magazine | Title: Taiwan: How to Reboot the Dragon | 7/27/2009 | See Source »

...parks. So far this year, the state's Travel and Tourism Commission has opened offices in three Chinese cities. In 2005, Governor Arnold Schwarzenegger toured China on a six-day trade mission to peddle his state's produce, technology and raw materials. China is now California's fourth largest export market, after Mexico, Canada and Japan. In 2008 California exported $10.9 billion worth of goods to China, up 40% since...

Author: /time Magazine | Title: California Apologizes to Chinese Americans | 7/22/2009 | See Source »

...pressure in Afghanistan and Pakistan mounting security operations along its border with the country, fighters from Russia and the ex-Soviet republics of the Caucasus and Central Asia are returning home. And while that trend decreases the number of foreigners fighting American soldiers in Afghanistan, authorities fear it could export the violence into Central Asia, upsetting the fragile peace in the region's poorest republics...

Author: /time Magazine | Title: How Afghanistan's War Is Spilling into Central Asia | 7/22/2009 | See Source »

...consistency has been its unpredictability. So America should attack it with a larger level of unpredictability. Lift all sanctions. Let the giant corporate world in. The only life that the larger population of North Korea knows is the life of not having much. Give them a life of choices - export the good life into North Korea. Show them what life could be like with someone else in the capital. Do this for a year or so, then push your agendas. And if Pyongyang again starts to drag its feet, take it all away. This will be the impetus...

Author: /time Magazine | Title: Inbox | 7/20/2009 | See Source »

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