“The most important event of the second half of the 20th century is one that didn't happen.” With those words, Thomas Schelling marked the "stunning achievement" of 50 years without a nuclear war. No one person can claim credit, but Mr Schelling has as much claim as anyone to helping prevent Armageddon.
188 countries are party to the Convention on Biological Diversity, one of the highest levels of global consensus around any multilateral environment agreement. The parties have set themselves a 2010 goal to:
Achieve a significant reduction of the current rate of biodiversity loss at the global, regional and national level as a contribution to poverty alleviation and to the benefit of all life on earth.
Our latest Viewpoint highlights recent trends in private sector participation in infrastructure. All in all, flows increased by a welcome 12% in 2004, though this growth was mostly limited to the telecommunications sector. Greenfield projects also continued to be the main mode of entry. Perhaps the most interesting story is the increasing importance of sponsors from emerging markets.
In Japanese, 'amakudari', literally descent from heaven, describes the phenomenon of being employed by a firm in an industry one has previously, as a government bureaucrat, been involved in regulating.
A great word describing the unfortunate brain-drain that cripples many developing county regulators. The BBC gives us 19 more unusual foreign words. I need to try to work 'handschuhschneeballwerfer’ into a conversation soon.
A recent study (see Becker, Philipson, and Soares, "The Quantity and Quality of Life and the Evolution of World Inequality" American Economic Review, March 2005) shows how to combine improvement in life expectancy with traditional measures of the growth in GDP to measure what we call the growth in "full" income. We demonstrate that the growth in full income since 1965 has been much faster than the growth in material income in essentially all countries, but especially in less developed nations.
In his new book, Brand New Justice, Simon Anholt argues that better understanding the nature and value of brands is essential for poor nations wanting to capitalize on Globalization - since wealth is created on “the last mile” of the commercial process. In his own words: