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...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 materials and base metals. In an era of booming global growth, the threat of the so-called commodity supercycle and its ever higher price structure was a crushing burden on resource-intensive developing nations. The Premier urged China to focus more on what he called a "scientific development" strategy that would be based on improved efficiencies of resource consumption. Similarly...

Author: /time Magazine | Title: The Evolution of Asia | 10/12/2009 | See Source »

...pictures of the global financial crisis...

Author: /time Magazine | Title: The Evolution of Asia | 10/12/2009 | See Source »

...enormous population, its pollution problem still falls well short of developed countries'. Asian leaders have also argued that since economic development, itself, is a resource-burning and pollution-intensive endeavor, the delayed onset of the region's economic takeoff casts it unfairly as the villain in an era of global warming. Although both of these claims have considerable merit, a damaged planet engenders little sympathy for the Asian excuse. On an absolute basis, Asia now makes the largest contribution to total growth in global pollutants - a trend that must be arrested, regardless of the size of its population...

Author: /time Magazine | Title: The Evolution of Asia | 10/12/2009 | See Source »

...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 they say in the investment business, a track record of success is no guarantee of future performance. The current global recession is an important wake-up call for Asia - a not-so-subtle hint to find a new recipe for its growth model. The Next Asia that emerges from this transition will need to be all about a shift in focus from the quantity to the quality of the growth...

Author: /time Magazine | Title: The Evolution of Asia | 10/12/2009 | See Source »

...pots, pewter badges worn by pilgrims returning from Canterbury Cathedral, decorative mounts from Viking chests and Hindu lamps from circa 1895 - the year the Thames was sanctified as a substitute for the Ganges as a place for the devout to leave offerings during Diwali. In August, Brooker made global headlines by unearthing a 17th century ball and chain - minus the leg it had once encased - belonging to an escaped or drowned prisoner. (See pictures of a treasure hunt in Afghanistan...

Author: /time Magazine | Title: Following in the Footsteps of the Mud God | 10/12/2009 | See Source »

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