Word: making
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Dates: during 2000-2009
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...chatter of the formation of an Asian trading bloc could make things awkward for U.S. President Barack Obama during his scheduled appearance at APEC in Singapore. But some American businessmen support the idea - as long as the U.S. is included. Creating a common set of trade rules would simplify the bewildering spaghetti bowl of bilateral trade agreements that have been signed between various Asian countries in recent years, executives say. Others, worried about their prospects in a China-led free-trade zone, are eager to see APEC take the lead. Says Kevin Thieneman, the Southeast Asia and India country manager...
...Realistically, it could take many years to form an E.U.-style trading bloc in the region - if such a body can be formed at all. Historical enmities simmering between nations like China and Japan could make close cooperation impossible, as could divergent economic interests of poor developing countries like Vietnam and those of advancing industrial economies like South Korea. Another commonly cited impediment is cultural diversity. "Europe is in a sense a single civilization; Asia is not," says Ravi Menon, Permanent Secretary of Singapore's Ministry of Trade and Industry. Others question whether Asia's institutions are robust enough...
...There are other reasons Asia may not be ready. One of the central goals of an Asian bloc would be to make it easier for China to buy a greater proportion of the region's output as the U.S. fades as an engine of global consumption and growth. But, while China's per capita GDP now stands at about $3,200, up nearly fourfold since 1997, it's still a far cry from U.S. per capita GDP of about $46,000. Moreover, conservative Chinese financial habits are deeply ingrained and driven by the need for "precautionary savings" for medical care...
...have few opportunities, and are misguided by peers to revolt over anything and everything when they should actually have their heads down in study or work. Of course, harassment by Pakistani-backed militants and, to some degree, by Indian law-enforcement agencies doesn't help. But let's not make heroes of these poor misguided boys. Karun Khanna, New Delhi...
...Maugham produced nine works of fiction and nonfiction, all the while wanting to really make it as a dramatist. He hit pay dirt with his play Lady Frederick in 1907. But by the time of his last play, Sheppey, in 1933, he had come full circle; he was done with the world of the theater, which he found almost hateful, and only wanted to concentrate on his fiction, considering that, at last, to be his real writing. He was an acknowledged master of the short story and a great deal of his fiction was based on material provided...