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Trial and error:  A new breed of devel. economists are using tools of hard science to put poverty programs under microscope - & upending conventional wisdom,  by D Armstrong,  Forbes,  5-19 Jun 06

Coffee/tea break:  World
Environment Day 5 June -- The theme selected for 2006 is 'Deserts and Desertification'.

Edward Lazear:  What I really said about
taxes & growth (letter to
editor) -- Your editorial questioned my assertion that pres.'s tax cuts are progressive,Wash.Post(free registr reqd), 2 Jun 06 (Link to: Ed.--
Down is up; and Down is still up)

Now for
the hard part -- Intro to survey of business in India:  Indian business has much to celebrate. But it still faces huge obstacles if it is to lift nation out of poverty,  by S Long,  The Economist,  1 Jun 06

Hal Varian: 
Advertising commodities can be tricky, but it does pay off -- Dancing raisins sell, but it's hard to keep the growers in line, New York Times (via UC Berkeley site),  1 Jun 06

Graphic: 
Asia's role in the world economy--Asia has become key part of global economy, w/ 3 of the 10 largest economies (China, Japan & India),  Finance & Development,  Jun-Aug '06

Economist
as crusader:  Over past 5 yrs, Krugman the columnist has overshadowed Krugman the economist. This profile looks at his con-
tributions to intl econ, by A Subramanian, Fin. & Devel., Jun-Aug '06

Portfolio:  How sturdy
are BRICs? -- Funds that focus their invest-
ments in Brazil, Russia, India & China are gaining prominence, but some have their doubts,  by S Ryst,  Business Week,  31 May 06  (From our archive:
Dreaming w/ BRICs)

A Goldstein & assoc:  China & India--What's in it
for Africa?: African nations are not simply spectators to econ. rise of China & India, they are party to it,  OECD Policy Insights[pdf], May '06 (Link to:  OECD bk/conf; & WEForum on Africa)

Editorial:  A
good nomination -- Despite its political weakness, Bush administration has persuaded a heavyweight to join it,  Washington Post (free registr. req'd),  31 May 06

World Bank upgrades global growth forecast, warns about risks:  In report on global devel.fin., WB upgrades its forecast as sound policy frameworks have made nations more resilient, Dow Jones Newswires via Beurs (Neth.), 30 May 06 (Link to: Global Devel.Finance)

Problems remain as aid flows in for Java quake victims,  Reuters, 
30 May 06  (Related: 
World Bk--New approach to natural disasters | Indep.Eval.Grp--Hazards of nature | ProVention Consortium | World Inst Disaster Risk Mgt)

Fighting the shadows--Q&A w/ William Browder:  He's Russia's big-gest foreign investor & vocal defender of Putin. So it came as a sur-prise when he was denied re-entry visa, Newsweek, 29 May-5 Jun 06

Mouse & wo/man: 
Loading the iPod with egalitarianism -- French bills have firms singing blues,  by J Anderson,  Washington Post (free registr. req'd),  26 May 06;  and

Quest for a
Euro-Google:  Some time this autumn, European search engine Exalead CEO will roll out what he would like to call a 'Google killer',  by P Day,  BBC News,  18 May 06

Editorial:  The markets and the world economy--
Bears in the woods: Despite rattled markets, world economy is still relatively strong. Just don't bet your house on it,  The Economist,  25 May 06

Austan Goolsbee:  Hello,
young workers--One way to reach the top is to start there:  These days paying your dues may be a whole lot more expensive than you think,  NYT (via U Chicago site, pdf), 25 May 06

New twist in global economy's competitive landscape:  Emerging global cos. from China, India & devel. econ,  Boston Consulting Grp, 24 May 06 (incl link to 100 top cos. from devel. econ.; & Related-- OECD's Emerging multinationals)

Transition has failed in fmr Soviet Union--Stiglitz:  At EBRD meet, economist says transition from communist to market economies was one of 20th c.'s great experiments, Kyrgyz Dev.Gateway, 24 May 06 (Related:  Reg'l outlook -- EBRD | Inst Intl Fin[pdf] | IMF & op-ed | World Bk)

Anders Aslund: 
The folly of renationalization--Something strange is happening in Russian econ. Since '99, it has delivered stellar growth, w/ virtually all of it coming from priv. sector, Moscow Times (via IIE site), 23 May 06

World economy rising, inflation contained, says OECD:  In latest twice-yearly outlook, it raises its forecast but also stresses dangers from global imbalances,  Reuters via Stuff (N Zealand),  23 May 06 (Link to:  Econ Outlook, incl for several emerging mkts)

Portfolio:  Emerging markets beat
quick retreat -- The sell-off looks like overdue correction rather than sign of an impending crash,  by R Farzad,  Business Week, 23 May 06 (Link to: Behind emerging mkts' malaise)

Editorial: 
What promises?--Last year was long on promises by world leaders to fight global poverty & AIDS. This year has been short on anything resembling action,  NYT (free registr reqd),  22 May 06

Coffee/tea break:  World Day for Cultural Diversity, 21 May -- How can we realize our dream of more tolerant & humanistic world?, 
Dag Hammarksjold Lib | Unesco--What is our duty?, and Global alliance

Jeffrey Sachs:  The
Haitian miracle? -- Haiti recalls famous lament once heard about another US neighbor: 'So far from God & so close to US',  Project Syndicate via Economic Times (India),  20 May 06

Editorial:  A
Palestinian lifeline--Hamas has only benefited fr. West's attempt to starve its govt,  Wash.Post (free registr reqd),  20 May 06 (Related links: Reg'l overview--IMF | OECD | World Bk | WEForum)

IMF's de Rato names JPMorgan's Lipsky 1st deputy managing dir.:  IMF chief proposes JPMorgan vice chair succeed Krueger when she steps down in Aug, Hindustan Times, 18 May 06 (IMF statements on incoming & outgoing no. 2)

Bono as guest editor: 
I am a witness -- I'm used to custard pies. I've even learnt to like taste of them. But before you're tempted to let fly, allow me my say,  Independent (UK) | via Data.org, 16 May 06;  and

Jagdish Bhagwati: 
Dear Bono -- A noble effort to end poverty, but it is misdirected:  I don't agree w/ cynics who write that the poor have done more for rock stars than rock stars have done for the poor,  FT  (via CFR site), 27 Feb 06

Questioning authority--Q&A with Robert Calderisi:  An old Africa hand, who's been on the ground there since '75, explains where we go awry in thinking about Africa,  Across the Board [pdf],  May/Jun '06  (Link to:  Reg'l outlook--OECD-AfDB | World Bank | IMF & related aid study)

Ecuador to seize oil field from Occidental Petroleum:  State oil co. will seize field operated by US oil co. & may auction it to producer from Venezuela or Brazil, Bloomberg, 16 May 06 (Related link: NYT --The pipes carry clout w/ oil [free registr reqd])

On immigration, Bush seeks '
middle ground': US pres. says he will send troops to border, backs plan that would allow illegal immigrants to pursue eventual citizenship,  by J VandeHei & assoc, Washington Post (free registr. req'd),  16 May 06

Robert Shiller:  Career counseling for
21st century--Almost all of my students try to be futurists in choosing skills in which to invest,  Proj Synd via Taipei Times,  15 May 06 (in this bilingual site, a 'language pack installation' sign may pop up-pls. select "cancel")

Why
free trade talks are in free fall:  The developing nations made a miscalculation that hurt their chances,  by P Coy, Business Week, 15-22 May 06

Great divide--CEO & worker pay:  Gap reflects failures in corporate governance; Slow wage growth is blamed on global competition,  by T Annett,  Wall St J, 12 May 06 (incl link to: Econ forecasting survey of more than 50 econ.)

Aid to the Palestinians --
Seeking a bypass, as the money runs out:  The Quartet moots a way of mitigating hardship. But nobody knows how, or whether, it is going to work,  The Economist,  11 May 06

US still tops competitiveness rankings:  Hong Kong & Singapore close behind, says study,  Channel NewsAsia (Singap.),  11 May 06  (Link to:  IMD biz school--World Competitiveness Yearbook: Statement | rankings | exec sum [pdf])

US won't pres
s China over yuan:  Bush admin. said it would not cite China as currency manipulator & provoke confrontation over issue, by S Weisman, NYT (free registr reqd), 11 May 06 (Link to: Treas.'s exchange rates report; & World Bank's China Quart.Update--State-ment & May issue)

Moises Naim:  Our
inequality anxiety--What should be a higher priority: reducing inequality or alleviating poverty?,  Foreign Policy,  May/Jun '06;  and

Nancy Birdsall:  Lost opportunities for
global majority(letter to editor) --Recently Naim cited WB saying there is evidence world inequality is falling,  FT(via CGDev site, pdf),  3 May 06

Palestinian say
s ban could lead to chaos: On eve of intl donors meet, PM warned that Palest. Auth, cut off fr. most foreign aid for 5 weeks now, could founder unless new money arrives, by S Wilson, Wash. Post (free registr reqd), 9 May 06

The five top global
choke points:  At some of world's most sensitive junctures, even a minor attack could cause massive political and economic shockwaves,  Foreign Policy,  8 May 06

Ernesto Zedillo: 
Rich country, poor country--One great paradox of China is how  nation under Communist party has relied on most ad-vanced form of capitalism, globalization, to undertake dramatic econ transformation,  Forbes,  8-22 May 06

Why you should worry
about Big Oil -- Special report:  Beyond fat profits, giants are surprisingly vulnerable worldwide. That's bad news for biz - and consumers, by S Reed & assoc,  Business Week,  8-15 May 06

Coffee/tea break:  S Dubner & S Levitt-
-A star is made:  If you were to examine birth certificates of soccer players in next mo.'s World Cup, you would find elite players are more likely to have been born in earlier mos. of yr than in later mos., NYT(free registr reqd), 7 May 06 (Link to: Freakonomics site)

Jan Egeland: 
Killing fields -- The people of Darfur urgently need aid, but they need much more. They need protection on the ground and they need peace, Wall Street J (via UN site), 4 May 06 (Related links: Time--World's conscience; & Reuters--Darfur info)

Alternative energy --
Canola and soya to the rescue:  As petrol prices rise, policy makers & venture capitalists are suddenly embracing funky alternatives. Will fad last?, Economist, 4 May 06  (Related link: World Bank--Renewable energy toolkit)

China stresses caution on yuan,
imbalance concerns grow: Fin leaders from Asia voice concern about global imbalances but China says it can't move too fast,  Antara News (Indon), 4 May 06 (Link to: ADB Global imbalances seminar; & IMF Asia-Pac outlook)

Bolivian
gas takeover sets a familiar scene:  A new govt, anxious to win public support, charges big foreign oil cos. w/ fraud & confiscates their local properties,  by S Mufson,  Washington Post (free registr. req'd),  4 May 06

Newsroom:  'Social' bond will benefit
emerging free press -- A new fin. product aimed at promoting indep. media in developing nations will be listed on a stock exch. for first time, Fin Times(via Media Dev Loan Fund site), 3 May 06 (Link to:  Bond info--Swiss bank Vonotel & MDLF)

Edmund Phelps: 
Subsidies that save--Some people still think of wage subsidies as welfare hand-out. But these are very different fr. social assistance & social insurance programs, Proj Synd via Daily Times (Pakistan),  1 May 06

Martin Feldstein:  The
return of saving -- The downward trend in US household saving will likely soon be reversed. Foreign govts would thus do well to anticipate this in terms of their policies, For. Affairs (via Harvard site),  May/June '06 [pdf]

Stephen Roach:  The
untold China story--In recent discussions in Beijing in w/c I took part, leadership concedes that only by increasing domestic consumption can China keep its reform/growth story alive,  Newsweek,  1-8 May 06

The Time 10
0 -- The people who shape our world:  Here's our list of the 100 men & women whose power, talent or moral example is transforming our world,  1-8 May 06

Marcus Noland:  How
North Korea funds its regime--A fmr vice pres once said, 'Anyone who calls themselves an expert on N Korea is liar or fool,'  Testimony before US Sen. Subcmte(via IIE site), 25 Apr 06

Seminar room:  BIS, IMF, OECD & WB launch
Joint External Debt Hub--Four intl orgs are launching new Web site to provide one-stop source of comprehensive ext. debt stats,  Risk eNews,  31 Mar 06 (Link to: Bank Intl Settlem--Statement)

Of angels and banking:  A new bk highlights danger of seeing banking regulators as a pure force for good, Economist(via Brown U site,pdf), 30 Mar 06  (Link to:  Cambridge U Pr--Rethinking Bank Regulation: Till Angels Govern[2006]; & radio interview)

Boardroom:  The HBR list --
Breakthrough ideas for '06:  Such an idea is a springboard, not a perfect landing; a conversation provoker, not a definitive answer; a starter's gun, not a finish line, Harvard Bus. Rev.(via Duke U site, pdf 2MB), Feb '06

Nook & cranny: 
US among top locations for 'offshore' work, says study -- US ranks 11th among 40 nations; India, China & SE Asia continue to dominate,  A T Kearney,  22 Nov 05  (Link to:  Global Services Location Index)

Nook & cranny:  16 Economists --
Barcelona development agenda: We,a group from developing & developed nations,are in broad agree-
ment on 7 sets of policy lessons,  Forum Barcel.,  26 Sep 04 (Link to:
More info; & names of 16 at end of Fin & Dev essay);  and

John Williamson:  The '
Washington Consensus'--The phrase I coined came to be interpreted as manifesto for 'neoliberal' right, or revelation of what Wash.-based intl institutions were trying to impose on rest of  world,  Inst for Intl Econ,  24 Sep 04

Nook & cranny:  Paul Romer --
Growth policy:  The author is lead developer of 'new growth theory', w/c moved sci. discovery, tech. change,innov.& productiv.growth back to center of macroeconomics, Stanford Inst Ec Policy Res,  Oct '01 [pdf]


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