France’s conservative government has finally given the go-ahead for the partial privatisation of EDF. Some 15% of the vast company—the world’s biggest generator of nuclear power—is set to revert to private ownership in the next few days.
The Financial Times reports that advertising spending in the developing world is soaring. The US leades the way, but:
…the next six biggest contributors to the increase are, in order: Brazil, Russia, India, China, Saudi Arabia and Indonesia… Together, these markets account for about a third of the growth in global advertising.
Joseph Stiglitz has a lengthy review of Benjamin Friedman’s ‘The Moral Consequences of Economic Growth’ in the most recent issue of Foreign Affairs – which is equal parts book review and Stigltiz op-ed. While admitting that many of the arguments are compelling, Stiglitz points out that the type of growth matters as much as the amount.
Emeka Okafor of Timbuktu Chronicles tells us about the hippo roller, a cross between a barrel and a wheelbarrow. If it works it should make transporting water a lot easier.
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: