East Asia and Pacific
Back in July we hosted this online discussion on the role of the private sector in disaster recovery and mitigation. Unfortunately, due to Katrina and the recent South Asia earthquake this archived discussion has been receiving considerable traffic.
Following up on Tim's Milton Friedman post:
“Business is for profit, and profit is for a purpose,” [Frandsen] says. “This makes business sustainable and profit responsible.” …The crucial thing to remember, he adds, is that profit is a key tool but not the ultimate goal. “We are business people, but this is not capitalism in its purest form. The profit is for a purpose.”
With the future of the garment sector uncertain, Cambodia is looking for other sources of income - and one of the areas under consideration is organic farming. The government says it hopes the country could become the "green farm of Asia", and export its produce to Europe and the United States.
But there are co-ordination problems to overcome:
Many worry than China’s dramatic success has diverted FDI flows away from other Asian economies. Benoît Mercereau claims that perhaps these concerns are exaggerated:
The OECD has released its first economic survey of China, which claims that the private sector has become the basis of economic expansion.
UNCTAD has released their 2005 World Investment Report. This year’s edition highlights that developing countries are leading the FDI recovery, as flows to developed nations continue to decline. The second part of the report is a focus on the surge in research and development internationalization by global firms and the implications of these trends for host and home countries.
The New Zealand Education Forum has released the latest issue of their SubText newsletter. Among other things, this issue includes a summary of James Tooley on how private education can serve the world’s poor, Caroline Hoxby on the effectiveness of charter schools, and the (possibly positive?) future of schooling in New Orleans.