In The News

Bangladesh Faces the Challenge of Globalization

Wahiduddin Mahmud October 22, 2003
Bangladesh's economy grew rapidly during the 1990s as the country liberalized its markets and became increasingly integrated into the world economy. Until the 2001 global recession, Bangladesh ranked third for improvement of human development - behind only Cabo Verde and China - thanks in large part to exports from its blossoming garment industry. Wahiduddin Mahmud, economist and former...

The World's Poor and Sick Have Not Been Forgotten

Krishna Ravi Srinivas October 20, 2003
If you're sick, it's definitely better to live in a rich country than a poor one. Pharmaceuticals produced in developed countries are prohibitively expensive for people in the world's poorest areas, but there are signs of improvement, says legal scholar Krishna Ravi Srinivas. In August 2003 trade ministers concluded negotiations on an agreement that will allow companies to profit...

Bolivia's Poor Proclaim Abiding Distrust of Globalization

Larry Rohter October 17, 2003
In a civil conflict that has already left more than 80 Bolivians dead this month, protestors have turned the issue of natural gas export through Chile to the United States into an indictment of globalization. Calling for the resignation of President Gonzalo Sánchez de Lozada, demonstrators are sending a powerful message – a resounding "no to the export of gas and other natural resources; no...

The Bigger Problem: Weapons of Individual Destruction

Raenette Taljaard October 15, 2003
The American hunt for weapons of mass destruction in Iraq has turned up little so far, but in the meantime coalition soldiers and Iraqi civilians continue to be victims of armed violence. By ignoring the proliferation of small arms and light weapons, says Raenette Taljaard, a member of the South African Parliament, the international community is failing millions of people around the world....

Why Does One Country Draw More Investment Than Another?

David Dollar October 10, 2003
Why do some developing countries enjoy the highest growth rates in the world while others flounder? The World Bank set out to answer this question by comparing four developing nations - China, India, Pakistan, and Bangladesh - that have grown at strikingly different rates. Though these countries were equally under-developed at the beginning of the 1990s, China’s economy has since soared, while...

Teenage Generation Is Biggest Ever

Shaoni Bhattacharya October 8, 2003
With 20 per cent of the world's population aged between ten and nineteen, Planet Earth's demography is witnessing the largest youth group ever. According to a new report from the UN Population Fund, about half of the world's population is now under the age of 25. This adolescent surge is posing an "economic opportunity" for countries, especially those in the developing...

A Glimpse into the Terrorist Mind

Lee Kuan Yew October 7, 2003
The recent trial of terrorists accused in the Bali bombings prompts Lee Kuan Yew, Senior Minister of Singapore, to ask the question - what makes a terrorist? What he finds is that such recruits are often “vulnerable to religious indoctrination by charismatic preachers who employ strict discipline.” As a result, for these people, self-sacrifice and martyrdom become their highest purpose in life...