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February 2007

Essay competitions

Ignacio Hernandez's picture

Two different essay competitions have been recently launched. $5,000 and $1,000 prizes up for grabs.

 

The World Bank and the Norwegian Ministry of Foreign Affairs 2007 essay competition. How does corruption affect your life? What can you do to fight the corruption that you face?

 

Deadline is March 15. More information and instructions to apply here.

 

 

Why isn't financial deepening happening in the poor countries?

Yan Wang's picture

While global financial integration has been progressing well, financial deepening is not.  Only a handful of emerging market economies are benefiting from large capital inflows in the form of FDI.   In countries like Kenya where the capital account is open and foreign bank entry has long been allowed, capital market remains shallow and real interest rate remains high, hindering the private sector development. 

 

India poised ?

Ignacio Hernandez's picture

Many articles on India during the weekend, in part triggered by the largest foreign takeover ever accomplished by an Indian company (Tata Group has bought the Anglo-Dutch Corus Group).

 

 

Amelia Gentleman writes in the Observer about the contrast between the triumphalism in business and economic circles and the poverty still to be found all around the country: "India eyes riches at poor's expense".