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South Asia

2005 Capital Access Index

The Milken Institute has published their 2005 Capital Access Index – meant to benchmark how easy it is for new and existing firms to access capital in 121 different countries, with the UK taking the top spot. Malaysia and Chile emerge as the top-performing developing countries; while Mexico, Bulgaria and Argentina earn praise for their significant improvement over last year.

The world is not flat!

Morgan Stanley Chief Economist Stephen Roach takes aim at Tom Friedman’s catch-phrase theory, arguing that the world economy, far from being flat, is really characterized by disparities and tension.

Globalization may well be win-win in the long run — but in the here and now, it is profoundly asymmetrical…

Aceh Diary: First impressions

The drive from the airport to the city of Banda Aceh is a picturesque one. It is only once you near the city center marked by the main mosque that signs of the devastation wreaked by the tsunami become apparent, among them the mangled metal frames of bridges, several crumbling buildings –some of them popular hotels once upon a time – and large gaping holes in the concrete base of a lone massive water tower which once supplied much of the city.

New guest blogger: Shaela Rahman

When we recently heard that Shaela was moving from D.C. to Aceh to help set up the new Private Enterprise Partnership for Aceh and Nias – we immediately knew she had to come aboard. She has now finally arrived in Aceh and, internet connection permitting, will be coming to you with her ‘Aceh Diary’ a few times a month.

What matters - ownership or competition?

Interesting debate in the Indian blogs about what matters more for economic performance: private ownership, or competition? Ravikiran Rao thinks that ownership is key. Ramnath thinks competition is more important.