FDI will continue to grow in the short and medium term, according to UNCTAD's most recent Global Investment Prospects Assessment.
East Asia and Pacific
Vivek heads to college on his Yamaha motorbike with a frown. Upcoming exams are not his concern - it is a hand-held gadget the traffic police have started using.
Bangalore...is the first city in India to be given the Simputer to fine traffic offenders. Described as "the people's computer" for its affordable price and ease of use, this paperback-sized console can fine traffic violators even for previous offences.
The New York Times suggests that unnecessary red-tape may be partially to blame for the poor performance of Indonesia’s energy exports:
Let us take out of the Hospitals, out of the Camps, or from elsewhere, 200, or 500 poor People, that have Fevers, Pleurisies, etc...
The BBC reports from Orissa:
A bank in India has decided to publicly shame defaulters in order to recover outstanding loans. Employees of the Urban Co-operative Bank in the eastern state of Orissa have begun staging noisy demonstrations outside the home of defaulters. Armed with posters, they kicked off the loan recovery drive outside the homes of two defaulters last week.
Formerly Chief Economist at the Bank, the Nobel Laureate has a short piece on intellectual property in the Daily Times of Pakistan:
The new Indian Economy blog complains that the government is stepping away from much-needed privatization of public-sector undertakings: