TNCs and NICs...

..... this article has it all!

Bank of England governor calls on China to import more to help solve global financial problems.

Bank of England governor Mervyn King calls on China to import more to help solve global financial problems.

Mr King explained that countries such as the UK and the US, which import more than they export, were facing debt problems and had unsustainably high levels of consumption.

On the other hand, countries such as China, Japan and Germany had persistent trade surpluses.

He argued that in order for countries with trade deficits to sort out their debt problems, countries like China had to import more, so that indebted countries had a chance to grow their economies and pay off their debts.

Read the full article here.

Rising Asia - in graphics

As part of the BBC's series they have this website which can be used to compare development indicators for different countries, including NICs.

The Power of Asia

The BBC is running a series called 'The Power of Asia' examining different aspects of growth in parts of Asia. I presume the series will be added to but for now there are some useful links identified below.

The central page can be found here


'Indonesia changing quickly as economy booms' article here
An article about China's growth and changing attitudes here
'World Economic Forum seeks to sustain Asian growth' here