Word: kong
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...impoverished farmers, infrastructure to supercharge commercial development, and otherwise produced wealth South Korea could never have generated on its own. Eager to raise living standards in their own countries, Asian policymakers and businessmen to varying degrees adopted the same fast-track formula. The economies of South Korea, Taiwan, Hong Kong and Singapore did so with such success they became known as the Asian tigers. Their growth model produced miracles - and as Park said in a 1965 speech, exports were "the economic lifeline...
...South Korea's 33%. Overall economic growth is following suit. In the fourth quarter of 2008, Taiwan's GDP contracted 8.4% from the same period a year earlier, the worst quarter on record. South Korea's GDP shrunk 3.4% in the fourth quarter, Singapore's fell 3.7% and Hong Kong's dipped 2.5%. Eric Fishwick, head of economic research at brokerage CLSA in Hong Kong, predicts these dismal numbers will persist. He sees Singapore's GDP contracting 10% this year, while South Korea's will decline 7%, Hong Kong's will slide 5% and Taiwan's will drop, stunningly...
...critics of extravagant spending sprees, with funds supposedly siphoned from Zimbabwe's state bank. According to the Sunday Times, she has spent tens of thousands of dollars on designer handbags and Vietnamese marble statues, and is supposedly speculating in a lucrative China-based diamond business. During stays in Hong Kong, according to local reports, Grace's entourage occupies two whole floors of some of the fanciest hotels. She was photographed in 2003 with 15 trolley loads of luxury goods while sitting in a first-class lounge in Singapore's airport. The Reserve Bank of Zimbabwe reportedly doled...
While Hong Kong maintains strict rules against money laundering, the Mugabes, it appears, have established themselves here with little trouble. Bona Mugabe, the dictator's 20-year-old daughter, is allegedly enrolled at Hong Kong's City University. (Mugabe's relatives have been barred entry at schools in the West and Australia.) The Zimbabwe National Students Union, based in Harare, issued a petition on Feb. 15 demanding Bona's deportation back to Zimbabwe, so that she could resume her studies alongside her people. "The state of our education system is so deplorable," reads their statement, "that [Robert Mugabe] has seen...
...democracy legislators and human-rights activists are reviewing whether the Mugabe presence in Hong Kong can be challenged, but it remains unclear how much can be done to thwart a head of state who remains close to Beijing. "At the end of the day, Hong Kong has no power over its foreign dealings," says Law Yuk-Kai of Hong Kong Human Rights Monitor. A Chinese Foreign Ministry spokesman told the Hong Kong-based South China Morning Post on Feb. 17 that Mugabe had the right to invest in Hong Kong real estate. "Hong Kong is a free port ... even Falun...