NEWSWEEK INTERNATIONAL EDITIONS: Highlights and Exclusives, Aug. 29, 2005 Issue
NEWSWEEK INTERNATIONAL EDITIONS: Highlights and Exclusives, Aug. 29, 2005 Issue
COVER: Cool Instanbul (Atlantic Edition). The sounds of today's Istanbul convey something important. They're evidence of a cultural revival that's helping the city reclaim its heritage as a world-class crossroads. As Special Correspondent Owen Matthews and European Economics Correspondent Rana Foroohar report, after decades of provincialism, decay and economic depression -- not to mention the dreary nationalism mandated by a series of governments dominated by the military -- Istanbul is re-emerging as one of Europe's great metropolises. Turkey's drive to "join Europe" undergirds the economic reforms that have given both Turks and foreigners the confidence to invest and buoyed the country's prospects.
http://www.msnbc.msn.com/id/9024840/site/newsweek/
(Photo: http://www.newscom.com/cgi-bin/prnh/20050821/NYSU005 )
GUEST ESSAY My Secret Istanbul. Turkish novelist Orhan Pamuk writes in a guest essay about growing up in Istanbul and how it looks today, 50 years later, calling it a metropolis "ringed with strange and distant neighborhoods I've never seen, and whose names I know only from the papers. When I stand at my window, it's hard to accept that these alien outlying villages are really part of my city." He writes that after the first shock and dismay of the changes, he resigns himself to them.
http://www.msnbc.msn.com/id/9024842/site/newsweek/
COVER: Where's the Boss? (Asia edition). China faces a critical shortage: experienced, highly skilled managers, a leadership chasm that could be a hurdle for China's economy. Special Correspondent Sarah Schafer reports that the numbers are astounding. The country has some 25,000 state companies, 4.3 million private firms and massive industrial overcapacity. But it has too few experienced managers for even the elite firms. Consulting firm McKinsey & Co. estimates that even the relatively small number of Chinese companies trying to expand abroad will need up to 75,000 internationally experienced leaders if they want to continue to grow over the next 10 to 15 years. Schafer examines the reasons for the lack of CEOs and the ramifications on China's raging economy.
http://www.msnbc.msn.com/id/9024843/site/newsweek/
CEO Showdown. Rukhmini Punoose writes in a guest essay that one competitive advantage India has over China is the number of business managers India produces, and far more with global name recognition. "Though India entered its period of free-market reform only in the early 1990s -- a full decade after China -- it was never as closed to the world. India has long had a large private sector, a network of Western-style business schools and a globe-trotting elite of English-speaking executives," he writes.
http://www.msnbc.msn.com/id/9024846/site/newsweek/
COVER: Losing The Drug War (Latin America edition). Latin America Regional Editor Joseph Contreras reports on a series of troubling signs that the U.S.- backed war on drugs in Colombia is faltering. Although a counternarcotics initiative called Plan Colombia, in which the U.S. government has pumped $4 billion thus far, was initially successful in decreasing the amount of land used for growing coca, in 2004 the number of hectares planted with coca showed no decrease, according to U.S. State Department figures. Wholesale prices for cocaine in the United States have remained stable throughout the Plan Colombia era, even though seizures are up, belying government claims in both countries that the anti-drug program has reduced the quantities of cocaine being produced inside the country. Contreras examines why the program hasn't stemmed the tide of drugs.
http://www.msnbc.msn.com/id/9025208/site/newsweek/
The New "Drug Triangle." Special Correspondent Eric Pape reports that Colombian drug cartels have found a new route to get their cocaine to the European continent: via ship from West Africa. Last year, Spanish authorities picked up 10 boats carrying some 20 tons of cocaine in what they're calling the new "drug triangle" between Cape Verde, the Canary Islands and Madeira. "We are seeing a growth in dominance of West African crime groups on the streets of Europe," says U.N. drug analyst Ted Leggett.
http://www.msnbc.msn.com/id/9025207/site/newsweek/
Going Slow. While North and South Korea displayed signs of mutual affection last week, both sides studiously avoided talking about North Korea's nuclear aspirations. The omission was glaring, given that the North Koreans were in town as part of the Six-Party Talks, the multilateral negotiations designed to convince Pyongyang to relinquish its weapons, reports Tokyo Bureau Chief Christian Caryl. Increasingly, observers are asking whether their purpose is really to de-nuclearize the Korean Peninsula -- or merely to satisfy each country's domestic political concerns.
http://www.msnbc.msn.com/id/9024464/site/newsweek/
Can Merkel Make It? The upcoming German election should have been a slam dunk for Christian Democrat candidate Angela Merkel, reports Berlin Correspondent Stefan Theil. Her opponent, Gerhard Schroder, after all, presides over record 12-percent unemployment, five straight years of close-to- zero economic growth and an epidemic of angst over Germany's prospects. But amid intramural bickering, the party has seen its once resounding majority in the polls continue to melt away. The odds are near even that Merkel will fail to get her own majority and be forced to rule in a paralyzing "grand coalition" with Schroder's dysfunctional SPD.
http://www.msnbc.msn.com/id/9024463/site/newsweek/
The Great Grain Rush. Commodities are back in vogue, reports Hong Kong Correspondent Alexandra Seno. But getting a full slice of the commodity action, by investing in items ranging from silk and soybeans to gold and oil, is tricky. Many hedge funds are opening commodity funds, but most will be available only to the very wealthy or institutions.
http://www.msnbc.msn.com/id/9024847/site/newsweek/
Of Criminals And CEOs. Researchers are finding that milder forms of narcissistic personality disorder (NPD) may afflict some of society's most successful members. Narcissists often make exceptional managers, galvanizing employees and making far-reaching changes. But narcissist bosses can also let aggression and selfishness fester in the workplace, to the point where cruelty and deception are condoned, reports Special Correspondent Tara Pepper.
http://www.msnbc.msn.com/id/9023604/site/newsweek/
WORLD VIEW: How to Escape the Oil Trap. "Efforts to produce a more stable, peaceful and open world order are being compromised and complicated by high oil prices. And while America spends enormous time, money and effort dealing with the symptoms of this problem, we are actively fueling the cause," writes Newsweek International Editor Fareed Zakaria. "America remains the 800-pound gorilla of petroleum demand," he writes. "It's true that there is no silver bullet that will entirely solve America's energy problem, but there is one that goes a long way: more-efficient cars," writes Zakaria. "And getting cars to be that efficient is easy. I would start by raising fuel-efficiency standards, providing incentives for hybrids and making gasoline somewhat more expensive (yes, that means raising taxes)."
http://www.msnbc.msn.com/id/9024768/site/newsweek/
THE LAST WORD: Ilham Aliyev, President of Azerbaijan. Aliyev is facing parliamentary elections in November, as disillusionment with his brand of democracy increases at home and abroad. He doesn't think the elections could spark a revolution. "First of all, Azerbaijan is a presidential republic, and even an alteration of the forces in Parliament does not signify a change in policies. Second, the people have confidence in the government with the reforms being carried out."
http://www.msnbc.msn.com/id/9023599/site/newsweek/
PRNewswire -- Aug. 21
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Source: Newsweek
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