Exact(11)
In these conditions the result is closures and lay-offs, with deflationary repercussions and accelerating capital flight.This is why the IMF's strategy for Asia has failed.
While Mr. Wolfowitz did not lay out the detailed, long-term American strategy for Asia that some experts had hoped for, he offered suggestions of how some areas might evolve.
And in recent months, the Defense Department has been developing a strategy for Asia called "AirSea Battle," an instrument with which American military power can address "asymmetrical threats in the Western Pacific," an implicit reference to China.
The Pentagon has bolstered its cyberwarfare capabilities and is developing a highly classified war strategy for Asia, called AirSea Battle Concept, aimed at coordinating naval and air forces in the Pacific.
Most firms predict that double-digit revenue growth will continue across the region in the next few years.A strategy for Asia is more complex to design than for Europe or America.
But Arjuna Mahendran, head of investment strategy for Asia at HSBC Private Bank, said that while diversification into the renminbi was now "opportune and appropriate" for clients whose portfolios were overweight dollars, euros and sterling, that might not apply to clients holding assets denominated in Asian currencies, as those are expected to appreciate against the renminbi.
Similar(49)
"Against the backdrop of upcoming elections, we see government austerity and financial prudence taking a backseat to populist policies, potentially heightening market volatility," said Jitendra Sriram, head of research for India, and Herald van der Linde, head of equity strategy for Asia Pacific, in a HSBC Global Research report released Wednesday.
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SENATOR LAMAR ALEXANDER -- What is our success strategy for Iraq?
The strategy for Baltimore is not much different.
Previously, she helped develop the regional water strategy for New Orleans.
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