The Soviet experience Nov 14, 2009
NEP was in essence a mixed market economy; the main part of the market was in state possession (banks, industries, foreign trade, and so forth), while the peripheral part was owned by collective or private entrepreneurs ... It did not take long for the permanent costs to out-weigh the temporary benefits in China's move toward market economy, socialist or not, based on low-wage exports primarily financed by foreign capital under dollar hegemony. (Asia Times Online)
John King to replace Dobbs on CNN Nov 13, 2009
While those are unclear, he vowed to be a leader in the national conversation to restore inspiration to our great free society and our market economy. . (MSNBC -- Television)
Revolutionary lessons Nov 13, 2009
The rise of the bourgeoisie as the middlemen to carry out trade in an expanding market economy forced the aristocracy to transform from its traditional role as a benign, even benevolent, feudal ruling class to an increasingly exploitative class to make up for the lost wealth, siphoned off by the trading bourgeoisie ... Today, the leadership in the ruling Communist Party of China seeks to construct a harmonious society out of a socialist market economy ... French socialists rejected the social... (Asia Times Online)
LETTER: Obama dismantling free-market system Nov 13, 2009
" Free market economy has brought Nike shoe factories to Vietnam and world class car manufacturing to South Korea (a U.S. protectorate for now 60 years!), not to mention the destruction of Main Street America to the hands of WAL-MART Corp selling Chinese goods for less, guaranteed. The U.S. empire is waning, and has been long before Obama. Clinton had to rebuild a trashed Bush economy and eventually did a fine job. The new president will use all the tools available to provide jobs for the... (Mattoon Journal-Gazette, IL)
The Coming Climate Dictatorship Nov 13, 2009
Writing in the Financial Times recently, Czech President Vaclav Klaus, author of the book, "Blue Planet, Green Shackles," said: "As someone who lived under communism for most of his life, I feel obliged to say that I see the biggest threat to freedom, democracy, the market economy and prosperity now in ambitious environmentalism, not communism.". Klaus, who has challenged Al Gore to a debate and has rejected Europe's embrace of Kyoto, told the Cato Institute recently that "environmentalism is a... (Investors Business Daily)
India, China are emerging financial giants: IIFL Asia Nov 13, 2009
While growth in emerging market economies has been far outstripping growth in developed markets for quite some time, global funds now seem acutely aware that the US and Europe will not provide the kind of returns witnessed in the years preceding the recent financial crisis. Structural concern on the US dollar further tilts the balance in favour of emerging markets like India and China. (India Times)
Tug-of-war overPearl River Delta Nov 13, 2009
First, it was easier for Guangdong to adapt to a market economy, given its proximity to what were then the capitalist colonies of Hong Kong (Britain) and Macau (Portugal). Second, there were fewer SOEs in Guangdong in comparison with the northern provinces because Beijing had refrained from investing in Guangdong (and Fujian) since 1949 in fear of a possible military invasion by rival Taiwan. (Asia Times Online)
China's trade surplus looms large Nov 13, 2009
US Secretary of Commerce Gary Locke said in Hangzhou that the US would review granting China market economy status, which would ease controls on US exports to China. "We continue to discuss what it will take for China to be declared a market economy," he was quoted as saying by the China Daily ... China wants the US to speed up recognition of China as a market economy, ahead of the 2016 deadline agreed on when Beijing negotiated entry into the World Trade Organization. (Asia Times Online)
Lou Dobbs Announces He's Leaving CNN Nov 12, 2009
Dobbs added that he would strive to be a leader in the "national conversation" for "the important work of restoring inspiration to our great free society and our market economy.". When signing off the air just before 8:00 pm ET, Dobbs told his viewers that he would next "see them" on the radio. (ABC News)
Controversial CNN anchor Lou Dobbs quits abruptly Nov 12, 2009
" onclick="Next();" src="/images/butt_next (Channelnewsasia.com)
Lou Dobbs quits CNN to take on U.S. issues Nov 12, 2009
"As for the important work of restoring inspiration to our great free society and our market economy, I will strive to be a leader in that national conversation.". Dobbs' break with CNN comes after he worked at the network for more than a quarter-century, starting with its inception in 1980. (AZCentral -- News)
China expects positive results from Obama's visit Nov 11, 2009
He said it was conducive to facilitating the development of bilateral trade if the two sides made joint efforts to solve existing problems, such as admitting China's market economy status and ironing out the trade frictions. Sino-U.S. trade had brought real benefits to the two peoples, he said. (Xinhuanet, China)
City of Lodi staff looking into possibility of limiting number of taco trucks (603) Nov 10, 2009
" Is there so little to do in Lodi that city staff needs to put the squeeze on small business owners like these? At least these folks are working hard and trying to make an honest living for themselves - which is more than I can say for some residents of this city and county. Maybe the city would prefer that they go into a new line of work like...oh let's say...pimping themselves out on the streets, stealing cars, or selling drugs. Better yet, they could just go on welfare and food stamps, or... (Lodi News Sentinel, CA)
Funeral in Berlin of freedom Nov 10, 2009
Funeral in Berlin of freedom, buried by EUSSR commissars posing as democrats Telegraph Blogs. Tuesday 10 November 2009. (Sydney Morning Herald -- Opinion)
* The seeds of the next economic crisis are being sown now Nov 10, 2009
Up until 2007, they thought their job was to tinker with market economies. Instead they face an existential challenge X where do we go from here. (Taipei Times, Taiwan -- World)
Constitutional Ignorance Reigns Supreme on Capitol Hill Nov 10, 2009
And the US provides the best health service in the world thanks to our market economy ... And the US provides the best health service in the world thanks to our market economy. (Atlanta Journal-Constitution -- Opinion)
Three anniversaries Nov 10, 2009
The way that government and business now interlock in the U.S., notably in the wake of Wall Street's meltdown, is beginning to resemble the tangle of self-interested government-business "clans" and other such informal networks that emerged during the East's transition to a market economy in the 1990s. I have come to this conclusion after spending the better part of three decades studying communist and post-communist societies -- observing first how people circumvented the communist system, and... (Salon)
The Wall Fell, and Freedom Sang Nov 9, 2009
All are today strengthening their free market economies, and all are now pursuing various national versions of social and cultural conservatism. Even Russia has begun sailing through the uncharted waters of capitalism. (Human Events Online)
Most Indian firms deserve premium: Aberdeen Asset Asia MD Nov 9, 2009
He is bullish on Asian emerging market economies, but cautions that Asia is still dependent on final demand from developed economies. In an interview with ET, he says interest rates in India could rise s 00004000 hortly, but margins of key banks wont be affected as long as they stick to prudent lending norms. (India Times)
* N Korean TV official fired over ads Nov 9, 2009
However, signs of a nascent market economy have been emerging in recent years as the communist country suffers chronic food shortages and relies on aid to feed its 24 million people since famine killed an estimated 2 million people in the 1990s. In June, the North opened its first fast food restaurant in Pyongyang in cooperation with a Singaporean company, according to the Tokyo-based Choson Sinbo. (Taipei Times, Taiwan -- World)
No single approach will fit all conditions; the maths is crucial Nov 9, 2009
Sweden is often given as an example: a market economy that extends a broad social security net to its population. But Sweden has a substantial tax base which makes it a poor model for South Africa, where a little over 5 million individual taxpayers support 45 million people. (Business Report, South Africa)
The Wall and 1989: how we said a decisive no to evil Nov 9, 2009
Japanese-American cultural theorist Francis Fukuyama declared that classical liberalism and the market economy had triumphed. Socialist and fascist alternatives had failed as political systems and had been vanquished; and so it was right to proclaim "the end of history" ; that the historical processes had achieved the most mature and desirable political system. (Sydney Morning Herald -- Opinion)
Graham: House Bill "D.O.A." in the Senat00004000e Nov 9, 2009
You are exactly right - there are some things a free market economy is not good at - You can't exactly make a phone calls from the ambulance when you have had a heart attack comparing rates to decide which hospital will give you the best price. Health care doesn't respond to a free market like many consumer goods that you can easily do without - thus keeping prices in check. (CBS News)
Germany's turn to give back Nov 9, 2009
It had economic security to prosper as a market economy -- and to democratize -- as part of the European Union. It also had physical security through NATO, so that Germany would no longer threaten or be threatened by anyone. (Albany Times Union)
Turkoman autocracy lives on while market reforms bite Nov 8, 2009
Turkomans, unfamiliar with the market economy, perceive these measures as a corrupt elite's attempts to increase its wealth at their expense. There are no official unemployment figures in Turkmenistan. (Business Report, South Africa)
Report: NKorea's Kim Jong Il fires top TV official Nov 8, 2009
However, signs of a nascent market economy have been emerging in recent years, as the communist country suffers chronic food shortages and has relied on aid to feed its 24 million people since famine killed an estimated 2 million people in the 1990s. In June, the North opened its first fast food restaurant in its capital Pyongyang in cooperation with a Singaporean company, according to the Tokyo-based Choson Sinbo. (The Star Online, Malaysia)
The world after 1989: Walls in the mind Nov 7, 2009
Only the over-60s remembered how a market economy worked. For decades official propaganda had lambasted capitalism as akin to cannibalism. (The Economist)
* Beijing denounces US duties ahead of visit by Obama Nov 7, 2009
It also called for Washingtons swift recognition that China is a market economy, which would make it harder for the US to declare Chinese products are dumped ... In trade meetings with US officials last week in Hangzhou, the Chinese pressed for recognition as a market economy, before the 2016 deadline negotiated when it entered the WTO.. (Taipei Times, Taiwan)
Young East Germans still head west Nov 7, 2009
Real for Sarah Stotzner are the weaknesses of the market economy. The end of the "Black Pump" followed reunification, essentially draining the veins of Hoyerswerda. (CNN -- International)
Murdered In Moscow Joe Klamar/AFP/Getty ImagesSpartak Moscow owner Shabtai von Kalmanovic celebrated the 2008 Euroleague women's title with Lauren Jackson.Shabtai von Kalmanovic bankrolled the world's most expensive women's basketball roster. Carl Schreck looks at the mystery of a Russian magnate who was gunned down this week. Nov 7, 2009
MOSCOW -- Of all the strange, colorful and often dangerous characters that traversed Russia's turbulent transition to a market economy in the 1990s, few had a more extraordinary biography than Shabtai von Kalmanovic, a real-life International Man of Mystery who bankrolled the most expensive women's basketball roster in the world. Construction magnate, concert promoter, collector of Judaica, convicted KGB spy -- Kalmanovic was tough to classify. (SportsIllustrated.CNN -- More)
BoE set to pump billions into UK economy - again Nov 6, 2009
"The world economy has shown signs of recovery, with a number of emerging market economies experiencing a strong rebound in growth, although global activity as a whole remains significantly depressed," the BoE said. "Asset prices have risen internationally since the spring, reflecting both the gradual improvement in the economic climate and accommodative monetary policies. "And banks' funding conditions have improved, though financial conditions remain fragile. (Sydney Morning Herald -- Business)
Empty boasts of glory Nov 6, 2009
China, a place where 9% annual GDP growth is considered a recession, is still developing its market economy while Obama cripples that of the United States. Much fanfare was showered upon the launch last week of ChiNext, a stock exchange for privately owned, small- and mid-cap Chinese companies. (Asia Times Online)
Latvia Spares Currency, Devalues Economy to Save Path to Euro Membership Nov 6, 2009
That would be the first annual deflation since the country split from the Soviet Union in 1991 and became a market economy. It compares with a rate of 17. (Bloomberg)
China opposes U.S. anti-dumping duties on oil well pipe Nov 6, 2009
The United States denied China's market economy status and took discriminative measures to impose anti-dumping duties, bringing serious impacts to China's steel sector exports, said MOC spokesman Yao Jian in a statement on the ministry's website. "We hope the United States can get rid of the bias and admit China's market economy status soon to tackle the double standards thoroughly and give Chinese enterprises equal and fair treatment," Yao said. (Xinhuanet, China)
The "Costs" of Medical Care: Part III Nov 5, 2009
Market economies deal with this problem by confronting individuals with the costs of producing what they want, and letting those individuals make their own trade-offs when presented with prices that convey those costs. That leads to self-rationing, in the light of each individual's own circumstances and preferences. (Townhall.com)
* Why be a mere spoke of a future China hub? Nov 5, 2009
Moreover, China remains an emerging market economy at an earlier stage of development and industrialization relative to Japan. What are the options for Taiwan. (Taipei Times, Taiwan -- World Business)
Sarkozy's `Grand Loan' Pits EADS Against Peugeot, Safran in Fight for Cash Nov 5, 2009
The whole industry will get aligned much faster than in a normal market economy. . (Bloomberg)
Nostalgia for communism on rise Nov 4, 2009
The share of those now approving of the transfer to a market economy plummeted 34 per cent in Hungary and 26 per cent in Lithuania. Most countries generally looked back approvingly on the fall of communism and the percentage of people satisfied with life rose across the board, with the exception of West Germany. (Sydney Morning Herald -- World)
Chinese vice premier meets New Zealand PM Nov 3, 2009
New Zealand was the first developed nation to wrap up WTO entrance talks with China, the first developed country to recognize China as a market economy, and the first developed nation to sign a free trade agreement with China. The development of China-New Zealand comprehensive cooperative relations suits the fundamental and long-term interests of both countries and is conducive to peace, stability and prosperity in the Asia Pacific region, Li said. (Xinhuanet, China)
PEW: Capitalism, democracy losing favor in ex-Soviet bloc... Nov 3, 2009
The share of those now approving of the change to a market economy plummeted 34 percent in Hungary and 26 percent in Lithuania. Ukrainian respondents gave capitalism the lowest approval rating, with only 36 percent saying they approved, down 16 percent from 1991. (The Drudge Report)
Syrian bonusesbring little change Nov 3, 2009
He also urged the government to return to its role as a promoter of social and economic development by putting forward more effective plans to lessen the negative effects of the market economy. After receiving the grant, many public employees said that it was not enough to improve their living conditions. (Asia Times Online)
Stephen Roach, Asia chairman, Morgan Stanley Nov 2, 2009
Its going to take a lot of work on the part of all emerging market economies to justify such inflows on a long term basis. Read business stories in. (India Times)
Climate change glossary Oct 31, 2009
Annex I countries The industrialised countries (and countries in transition to a market economy) which took on obligations to reduce their greenhouse gas emissions under the Kyoto Protocol ... This group is a sub-section of the Annex I countries, excluding those that, in 1992, were in transition from centrally planned to a free market economy. (BBC News -- Europe)
UCT is best in Africa Oct 31, 2009
They were introduced to the GSB's new vision to become the leading business school with regards to emergent market economies, as well as given a glimpse into the past with a tour of its campus a former prison. Strengthen a global federation. (iAfrica.com)
Time to go Dutch Oct 31, 2009
Stock markets have been debating the effects of the outburst by Bank of England governor, Mervyn King (which I highlighted in my previous article ", Asia Times Online, October 24, 2009), when he echoed the comments made by the well-known business economist, John Kay, on the subject of narrow banking: the fashion of separating the public utility side of banking (retail deposits, check and draft facilities, commercial lending, mortgages and so on) from the more risky "casino" type activities... (Asia Times Online)
EU edges closer to decision on whether to give top job to Blair Oct 30, 2009
In fact, the summit appeared to put a dent in Blair's chances as he failed to secure the backing of his own political group -- the European Socialists -- many of whom are dubious about his record in promoting free market economy and, most of all, his determined support for George W. Bush's war in Iraq. "I'd like there to be more candidates," said Spain's Socialist Prime Minister Jose Luis Zapatero. (Xinhuanet, China)
I was too confident: Manuel Oct 30, 2009
" In the past 12 months, much had been learned about the extent of the interconnectedness of the global economy, and about the speed of effects of regulatory failure in the United States. "But perhaps more importantly, we were all struck by the extent of the asymmetry of the impact," he said. In all emerging market economies, the financial sector had held up remarkably well. In the south, it was however the productive sector that took the biggest knock as the markets for exports collapsed as a... (Business Report, South Africa)
China, U.S. move to defuse trade row Oct 30, 2009
The minister added that the US had agreed to set up a joint working group to analyse the issue of awarding "market economy status" to China, a perennial demand from Beijing in bilateral talks that would make it harder for the US to accuse China of dumping. Chinese officials said Beijing would lift a ban on imports of pork from the US which had been in place since the outbreak of swine flu in the spring, although they did not say when imports would start. (CNN -- International)
Grupo Salinas Founder and Chairman Ricardo B. Salinas Addresses Students, Faculty and the Business Community at the ITESM Campus in Guadalajara With Message on the Importance of Serving the Bottom of the Pyramid During 2009 Congreso Interna Oct 29, 2009
Mr. Salinas presented a talk entitled "Opportunities at the Bottom of the Pyramid," with the message that inclusive products and services that are targeted to the 5 plus billion population that do not currently participate in market economy could be a great detonator to world economic growth. "We have in our hands the potential to multiply the global economy by a factor of six," said Ricardo B. Salinas. (Yahoo! Wire -- Entertainment News)
Far right gains clout in Hungary: analyst Oct 29, 2009
Juhasz saw two reasons why many voters were drawn to extremes: their disillusionment with the changes offered by the market economy and the politics of the past twenty years. Juhasz cited the symbolic power of Jobbik's language. (Xinhuanet, China)
Ghana's goal Oct 28, 2009
" Sport can also boost the fledgling corporate hospitality and sponsorship industries in the country, he believes. 'Private sector'Mr Pelpuo says it is the responsibility of the government to provide a basic sports infrastructure, but that it also needs investment, from inside and outside the country, to allow the sports industry to reach its full potential. "We need to provide an enabling environment for the private sector to develop, and for their entrepreneurial spirit and investment... (BBC News -- Business)
Read the 'JER' transcript Oct 27, 2009
HENNINGER: To your point, Mary, they're trying to restructure the American economy, moving it towards more of a social market economy like Europe, where the government does guide in many ways. There's much more stronger regulatory phenomenon and it takes a lot of effort to do that. (Fox News)
Rev. Jim Boler: Publix involved in tomato-pickers fate, like it or not Oct 27, 2009
In 1776 Adam Smith's famous "Wealth of Nations," advocating a free market economy, was published. But, before that, in 1759, Adam Smith's "Theory of Moral Sentiments" was published, the book he considered as his "foundational" work. (The News-Press -- Opinion)
Vice premier's tour to 3 nations will advance bilateral ties Oct 27, 2009
Both Australia and New Zealand recognized China's full market economy status. Papua New Guinea for many years is China's largest trading partner and investment destination in the Pacific island region. (Xinhuanet, China)
Repairs, not loads, at fault Oct 26, 2009
Online Edition Powered By IOL. DisplayAds('SkyLEFT',17,). (Business Report, South Africa)
Money Matters Oct 26, 2009
Unemployed Grad wrote on Oct 25, 2009 1:06 AM:" Easy for the employment department to say "include a less formally educated work force", when I keep applying for employment while holding a degree in Business from a local University. DUH!!! And it's just not Me, alone. There are many locally grown "more formally educated" who try to return home, but get snubbed for employment, because business owners feel they will feel "stupid" compared to us, so they don't hire us. Not our feelings. THEIRS!!... (Klamath Falls Herald & News, OR)
* Ma hands Siew one more chief architect job Oct 25, 2009
Furthermore, Siew mischaracterized the Chinese economy as a free market economy, when in reality, it is politically directed X China uses the economy as a political tool to achieve its goal of annexing Taiwan. Using the EU as an example to excuse shackling Taiwans economy to Chinas is nothing but an act of deception, both to oneself but also to the public at large. (Taipei Times, Taiwan -- Sports)
India's 1st global CEO Rajat Gupta: India is a great place to invest Oct 23, 2009
We have an entrepreneurial class, a free market economy and all of that should set in. India is going to be the second fastest growing economy in the world. (India Times)
Duane M. Skow Oct 23, 2009
Duane served as a consultant for a variety of agencies and organizations including several international assignments in Poland after the fall of the Soviet Union and the move toward a free market economy. Duane is survived by his wife Vi, five children and 12 grandchildren: Dane Duane Skow (Nancy Skow); Emily, Allison and Laura and John Wesley Skow (Tracy Edmonson); Peter, Tyler and Andrew; Lynette Skow Rasmussen (Kurt Rasmussen); Sanna, Karl and Maren; Darlene Skow Johnson (Daniel Johnson);... (Wasilla Frontiersman, AK)
Matt Frei's diary Oct 23, 2009
When was the last time the government of the world's proudest free market economy set executive pay and told bosses that they need to get their country club memberships and limos approved by a technocrat at Treasury. To some this will, indeed, sound suspiciously socialist. (BBC News -- Americas)
Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations, IMF Oct 23, 2009
They also backed the G-20 call for a shift in quotas of at least 5 percent to dynamic and emerging market economies from overrepresented to underrepresented. So these four important and broad-ranging decisions will be discussed as normal part of the work program in the Board, in early November, and we ll let you know more about that at that time. (IMF News)
Struggle to control economy Oct 23, 2009
In the space left by the state, aspects of a market economy emerged. Change. (BBC News -- Asia-Pacific)
PM looks to fast-track Asean talks Oct 22, 2009
Mr Shrama is scheduled to enter ink a pact with his Vietnamese counterpart, giving recognition to the country as a market economy, following which Vietnam will sign the FTA, the official said. Vietnam is the only country that did not sign the India-Asean FTA as it had insisted on the market economy status from India. (India Times)
Impact of the Global Financial Crisis and Its Implications for the East Asian Economy, Keynote Speech by Mr. Takatoshi Kato, Deputy Managing Director, International Monetary Fund, At the Korea International Financial Association, First International Conference Oct 22, 2009
In addition, a top priority for the Fund s legitimacy and effectiveness is an increase in the quota and voice of underrepresented emerging market economies. Reforms agreed in April 2008 need to be approved promptly. (IMF News)
Societies don't have to be secular to be modern Oct 22, 2009
He thought modernization an effective state, urbanization, breakdown of primary kinship groups, inclusive levels of education, market economies, and a growing middle class were quite possible without a society becoming Western in terms of a liberal secular culture or democratic norms. We see this today from Singapore to China, from Turkey to Malaysia and even Iran. (Christian Science Monitor)
