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Nobel Peace Prize 2006--Muhammad Yunus and Grameen Bank: 'For their efforts to create economic and social development from below,' by developing microcredit as an instrument in the struggle vs poverty, Nobel Foundation, 13 Oct 06

The human cost of war in Iraq --
Calculating casualties:  A statistical study claims that many more Iraqis have died than was thought,  Economist,  12 Oct 06

Austan Goolsbee:  In the new China,
banks still cling to old ways --Perhaps nothing seems to represent new China more than gleaming headquarters of its largest bank,  NYTimes (via U Chicago site, pdf),  12 Oct 06

Racial profiling won't stop terror: We've all heard jokes about little old ladies being subjected to lengthy searches in security screening lines,  Washington Post (free registr reqd),  11 Oct 06

India's and China's recent experience with reform & growth:  It's easy to think of 2 emerging market powerhouses as more or less similar. Are they?,  IMF Book Forum,  18 May 06 (posted by IMF 5 Oct)  [Summary in pdf]

Andy Xie:  Reports on IMF-WB confab--On the record: In Singapore, I participated in panels on
Commodity Boom & China-India,  Morgan Stanley, 18/22 Sep 06 (Link to:  Off the record--The text [apparently] of his leaked email [Little Speck];& Star economist quits job [Today])

How can poor nations get rich?--Q&A with Frederic Mishkin: Without financial globalization, poor nations can't reach next stage of develop-
ment, Columbia Ideas at Work, 27 June 06 (Link to:
Princeton U Pr--The Next Great Globalization [2006])

                             
Posted: 9-13 Oct 06

Economic forecasting survey -- Getting a grip on hedge fund risk: Economists see risk to financial markets and say more regulation is warranted,  Wall Street Journal,  13 Oct 06

Painting a rosy
budget picture:  Bush touts declining deficit, but long-term outlook is dimmer,  Wash. Post (free registr reqd),  11 Oct 06

A true diplomat:  Q&A with South Korean Foreign Minister Ban Ki- Moon, who is almost certain to replace Kofi Annan as next secretary-general of United Nations,  by B Lee,  Newsweek,  9-16 Oct 06

Nobel Laureate
in Economics 2006--Edmund Phelps:  'For his analy-
sis of intertemporal tradeoffs in macroeconomic policy.' His work  pointed out that current inflation expectations affect future tradeoff bet. inflation and unemployment, Nobel Foundation, 9 Oct 06 ;

Edmund Phelps:  The
economic prosperity of nations -- Prosperity depends on dynamism, dynamism on institutions,  Ctr on Capitalism and Society/Columbia U,  Jan '05  [pdf];  and

From our archive:  Edmund Phelps--The
dynamism of nations:  The degree of dynamism in a nation's economy hinges on its development of some key economic institutions, Project Syndicate via Daily Times (Pakistan),  13 Dec 03

Portfolio: 
Prone to wanderlust at the wrong time?--The billions being invested in int'l funds are causing some of their managers concern, by C de Aenlle,  New York Times (free registr reqd),  8 Oct 06

Robert Shiller:  What are
homebuyers thinking?--Many places around the world have been in a housing boom since the late 1990's,  Project Syndicate via Rzeczpospolita (Poland),  26 Sep 06

An
East Asian renaissance:  The region's success creates next wave of challenges at home,  World Bank,  18 Sep 06 (Related:  IMF Regional Economic Outlook for Asia and Pacific)

Africa emerges as China and India's new economic frontier:  South-South trade & investment create imbalance, opportunities,  World Bank, 16 Sep 06 [w/ link to Africa's Silk Road]  (Related:  IMF Sub-Saharan Africa Economic Outlook)

Boardroom: 
Innovation in emerging markets -- What is required for global manufacturers to succeed in these markets whose cultures and regulatory regimes are very different than those in developed ones?,  Deloitte,  9 Sep 06

H Pack & K Saggi: 
India's software sector [pdf] -- Was sector's rise due to private initiative or govt industrial policy?,  Is there a case for industrial policy?(sec. 4A),  World Bank Res Observer, 22 Jul 06 [via UK Dept Int'l Dev];  and

T Khanna & K Palepu: 
India's software industry--Was industry's rise due to serendipity or design?, Evolution of concentrated ownership in India: Broad patterns & a history of software indus.(sec.VI), Natl Bur Ec Res, Jun '04 [pdf]

Mouse & wo/man: 
The dirt road to the Information Superhighway--Companies specializing in info tech have discovered new market - the world's poor. But high-tech is often already there,  Der Spiegel (Ger-
many), 1 Jun 06

Marcus Noland:  Economic implications of a
N Korean nuclear test--The implications that such a test would have on region,while not cata-
strophic, would not be benign,  Asia Policy (via IIE site), Jul '06 [pdf, w/ exec sum] (Related: Rand--
China's stake in a nonnuclear NK)

From our archive:  P Yun & G Shin --
Introduction to North Korea: 2005 & Beyond [pdf]:  10 years ago, it was fashionable in Wash. and Seoul to predict imminent collapse of NK's pol/econ systems,  posted by Brookings Inst 1 Mar 06 [via Stanford site]

                             
Posted: 2-6 Oct 06

Sudan escalates stand against UN mission for Darfur:  Sudan warns it would consider any country's pledge to supply troops to a UN force 'a hostile act',  by C Lynch,  Wash.Post (free registr reqd),  6 Oct 06

Graphic:  Emerging-market
investment--After weathering a turbulent 2nd qtr, emerging markets will attract a net $418 billion in private capital in '06,  Economist,  5 Oct 06  (Link to: Inst Intl Fin--Capital Flows to Emerging Markets)

Portfolio:  Emerging-market guru views
Brazil's runoff election as a good sign, Reuters via Globe and Mail(Can.), 3 Oct 06 (Related: IMF LatAm outlook; and 3rd-Q results--Bloomberg | MarketWatch)

Coffee/tea break:  Nominating and
awarding the Nobel in Economics, Royal Swedish Academy of Sciences, Oct '06  (Related:  Lindbeck--On the Economics Prize [Stockholm U, pdf], or prev. ver.)

Robert Frank:  The more we make,
the better we want -- Keynes and others were wrong to have imagined that a 2-hour work week might someday enable us to buy everything we want, NYTimes (free registr reqd), 28 Sep 06

Joseph Stiglitz: 
Good numbers gone bad -- Why relying on GDP as a leading economic gauge can lead to poor decision-making,  Fortune,  25 Sep 06  (Related:  US Natl Acad Sci--Beyond the Market)

Univ Calif prof collects
Millennium Technology Prize:  The world's largest tech prize was awarded for development of a new light source w/ applications in energy conservation & water purification, Helsingin Sano.(Finland), 11 Sep 06  (Link to: UCSB statement; & Millennium Prize)

D Nanto & E Chanlett-Avery: 
North Korean economy--Background & policy analysis: Its economy is of interest because it provides NK fin/indus. resources to develop its military,  Cong. Res Svce (via State Dept site), Feb '05 [pdf, w/ exec sum]

                             
Posted: 25-29 Sep 06

US ranking slips in global competitiveness survey:  US slips to no. 6, down from top spot last year, w/ Switzerland new no. 1,  Dow Jones (via Easybourse/France),  26 Sep 06  (Link to: WEF Global Competi-
tiveness
Report, w/ full rankings)

No breakthrough, but
WTO trade talks limp on: The 18-nation Cairns Grp held specially-extended meet in Australia in bid to get talks back on track, Ag.France-Presse (via Peninsula/Qatar), 25 Sep 06 (Link to: Cairns Group);  and

Peter Mandelson:  Forget the caricature; Europe is facing up to
farm trade reform -- Few criticisms of EU have quite as much currency as that of coddled farmers & sky high farm tariffs,  Austral. Fin Rev (via EC site), 31 Aug 06 (Related: Remarks--USTR/USDA)

Hal Varian:  Many theories on
income inequality, but one answer lies in just a few places -- It is widely recognized inequality increased in 90's, but no one knows quite why,  NYTimes (via UC Berkeley site), 21 Sep 06

Nandan Nilekani:  Obstacles
to innovation in China & India--CEO of an Indian IT firm says 3 innovation models are emerging,  Business Week, 18-25 Sep 06 (Related: McKinsey--Interactive exhibit: Reform of India's financial system)

Ernesto Zedillo:  Give globalization
a hand -- Historians & economists increasingly remind us that human folly could once again cause the unthinkable,  Forbes,  18 Sep-2 Oct 06

Daniel Drezner:  US trade dilemma--
Free or fair?:  Free trade is less difficult to negotiate but more difficult to sell at home, while fair trade is more difficult to negotiate but less difficult to sell at home,  Wash. Post (free registr reqd), 15 Sep 06

Boardroom:  Rise of Middle Eastern carriers -- They have been fast-
est growing long-haul airlines in recent years, & they present serious competition, esp on routes serving Euro-Asia corridor,  Boston Con-
sult.Grp--
Media info | Report [pdf], 1 Sep 06

                             
Posted: 18-22 Sep 06   

Thailand's military coup--Old soldiers,
old habits:  The land of smiles is back to being the land of coups,  Economist,  21 Sep 06

Editorial: 
A retrograde coup in Thailand -- Military power grabs have punctuated Thailand's recent history, and none have left the country better off,  New York Times (free registr reqd),  20 Sep 06

A festive coup in Thailand--After having spent much of year trying on their own to force out their elected govt, many Thais are happy to let military do the job,  Time,  19 Sep 06  (Related:  Econ Freedom of World--Media info [pdf] | Report)

IMF boosts four poorer countries' power:  Fund says further changes favoring under-represented nations will follow,  by P Goodman,  Washington Post (free registr reqd),  19 Sep 06

Do we need the IMF-World Bank?--Q&A w/ Joseph Stiglitz:  A lead-
ing economist questions their role in today's world,  by R Foroohar,  Newsweek,  17 Sep 06  (Related: 
Making Globalization Work | More book info)

'Fragile states
risk instability':  The no. of 'fragile states' has soared over past 3 years, threatening regional & global instability, says World Bank, BBC News, 14 Sep 06 (Link to: Report--Engaging with Fragile States)

Top
Russian banker assassinated:  The slaying of a central banker damages movement to reform banking sector and challenges state authority anew,  by J Bush,  Business Week,  14 Sep 06

R de Rato & P Wolfowitz:  Time to get
back to business on Doha--While rhetoric of commitment remains, in practice there has been a surrender to defensive lobbies clinging to status quo,  Proj Synd via Mmegi (Botswana),  13 Sep 06

Nancy Birdsall: 
Rescuing the World Bank--Are Bank's shortcomings exaggerated or potentially fatal?,  Ctr Glob Dev (essays | slides [pdf]), 5 Sep 06  (Related:  World Development Report '07)

C Arndt & C Oman: 
Uses & abuses of governance indicators--Rising attention to quality of governance in developing nations is driving growth in use of 'indicators' by investors & analysts,  OECD,  25 Jul 06 (Related: Worldwide Governance Indicators '06)

Edwin Truman:  Time is running out to
rebuild the Fund, Mr Paulson --Meaningful IMF reform requires balanced, comprehensive package, FT(via IIE site),  12 Jul 06  (Link to: Reforming the IMF for 21st c.--In Brief [pdf] | Report)

Boardroom:  Most influential management gurus --
Porter thinks his way to top:  Drucker's death means there is new king of mgmt think-
ing,  by D Dearlove & assoc,  London Times,  1 Dec 05 (w/ link to:
Thinkers 50--Global ranking of biz thinkers)

Boardroom:  AACSB Int'l
report urges change in media business school rankings -- Ranking methods used by media can have 'serious negative impacts on biz educ',  AScribe Newswire,  Sep '05  (Link to: Report--Business School Rankings Dilemma [pdf])

                             
Posted: 11-15 Sep 06

The new titans:  China, India & other developing countries are set to give world economy its biggest boost in history. What will that mean for today's rich nations?,  by P Woodall,  Economist,  14 Sep 06

World Bank say East Asia needs to
grow capital markets to better system,  AFX News via Hemscott (UK),  14 Sep 06  (Link to:  East Asian Finance--Slides [pdf] | Report)

Austan Goolsbee:  Even for
shoe bombers, education and success are linked--The 5th anniv. of  9/11 passed w/ great deal of hand-wringing over all the people who want to kill Americans, NYT (via U Chicago site, pdf), 14 Sep 06

IMF
raises forecasts for global economic growth,  Dow Jones News-
wires via Easybourse (France),  14 Sep 06  (Link to:
World Economic Outlook, w/ exec sum(4pp); & IMF-WB annual meetings, Singapore)

Brazil, India and S Africa
meet on trade:  The meeting of 3 leaders is first summit of India-Brazil-South Africa Forum, or IBSA, formed in '03,  Associated Press via MSN,  13 Sep 06  (Related:  2006 Small States Forum)

A talk with
emerging-market guru Mark Mobius:  He discusses emerging stock markets and how consumer boom around the world is affecting them,  by A Shameen,  Business Week,  12 Sep 06

IMF
signals risk of 'disorderly' drop in US dollar:  A 'disorderly' drop in the dollar is biggest risk to world financial markets, the Fund said,  Bloomberg,  12 Sep 06  (Link to:  Global Financial Stability Report)

Five years after Sept. 11 -- 'Foresight - and Hindsight':
"...While by no means as threatening as [Pearl Harbor], 9/11 attack was in some ways more devastating. It was carried out by tiny group of people, not enough to man a full platoon...dispatched by organiza-
tion based in one of poorest, most remote nations on earth..." (9/11 Commission
Report, ch 11) ;

T Kean & L Hamilton: 
Without Precedent--The inside story of 9/11 Commission:  We were set up to fail. The thought occurred to both of us as we prepared to meet for 1st time...We were starting w/o any blueprint for how to go forward, Knopf, 15 Aug 06;  and

Paul Krugman:  The
costs of terrorism--What do we know?: The aim is to provide brief overview of what we know about economic costs of terrorism, esp impact of 9/11 attacks, Princeton U(via Ctr Intl Gov Innov/Canada site, pdf),  Dec '04

J McCain & B Dole: 
Rescue Darfur now--People of conscience were shocked by & ashamed of our failure to stop genocide in Bosnia and Rwanda. We must not repeat these mistakes,  Wash.Post (free registr reqd), 10 Sep 06

Foreign investment rate 'to fall':  A new report forecasts foreign direct invest. (FDI), after rising by 22% this year vs. '05, will continue to grow, but at lower rate bet. '07-'10,  BBC News,  6 Sep 06 (Link to: Columbia/EIU--World Invest. Prospects)

Nook & cranny: Ngaire Woods--The globalizers in
search of a future: 4 reasons why the IMF & World Bank must change, & 4 ways they can,  Ctr Glob Dev Brief,  Apr '06 [pdf]  (Link to: Cornell U Pr--The Globalizers)

Nook & cranny:  Jeffrey Sachs -- How to
help the poor: Piecemeal progress or strategic plans?,  Lancet (via Columbia site, pdf),  22 Apr 06;  and

William Easterly:  Accountability for multilateral
development banks--Promoting effectiveness & fighting corruption,  Testimony before US Sen. For. Rel. Cmte.(via NYU site, pdf), 28 Mar 06  (Related: World Bank listing of ineligible firms)

                           
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