We will also set up a special fund to spread the risks involved in the economic modernization process.

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One is for a nation of 1.3 billion people to complete its modernization process without destroying the environment or creating gaping income gaps.

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Indeed, it was this modernization process that shaped fundamental evolutions - sometimes convergent, sometimes divergent - in Japan as well as in the Arab world.

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But if investors are tempted to try to find a similar bit of souvlaki for their plates, they should remember that the Athens Stock Exchange runup is built on a modernization process just a few years old.

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Modernization requires a deeper process through which the government equips the private sector with the tools necessary to drive economic growth and innovation into the future.

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In both cases, modernization has been analysed as a process of "critical receptiveness" towards inputs from elsewhere.

UNESCO: MEDIA SERVICES

President PUTIN: (Through translator) It is evident that the process of NATO expansion has nothing to do with the modernization of the alliance and the provision of security in Europe.

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