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Mongolia is one among a small handful of places left in the world with major untouched mineral deposits. But investing successfully in its mining industry demands more than just money and a willingness to take risks; it requires understanding the country's vulnerable geography and byzantine political environment.
For technologies from the global South, worldwide success usually means shedding local ties and, should all go well, returning home triumphant. It is a treacherous road, and most of the benefits of such projects will never make it to the communities in which they started. But the alternative strategy of focusing on local problems and solutions is even less appealing.
Most observers are gloomy about the prospects for serious economic reform in China. But they ignore a central lesson of recent Chinese history: reform is possible when the right mix of conditions comes together at the right time. And the very circumstances that facilitated the last major burst of economic reform in the 1990s are largely present today.
Despite the claims of its champions, the fair-trade movement doesn't help alleviate poverty in developing countries. Even worse, it is just another direct farm subsidy of the kind most conscientious consumers despise. In the long term, the world needs free trade, not fair trade.
Sub-Saharan Africa’s GDP has grown five percent a year since 2000 and is expected to grow even faster in the future. Although pessimists are quick to point out that this growth has followed increases in commodities prices, the success of recent political reforms and the increased openness of African societies give the region a good chance of sustaining its boom for years to come.
The results of Europe’s experiment with austerity are in and they’re clear: it doesn’t work. Here’s how such a flawed idea became the West’s default response to financial crises.
In its rush to fete Myanmar's president, Thein Sein, and capitalize on the country's tentative opening, the international community has turned a blind eye toward the ongoing repression of minorities and the continued political dominance of the military. In doing so, it has given up much of its leverage over Sein at the very time when it should be pushing for clearer commitments to reconciliation and democracy.
Citizens of São Tomé and Príncipe have been waiting for their territorial waters to yield oil for over a decade. Today, there are high hopes that the country will finally become an energy producer in the next few years. But expectations are likely to be disappointed once again.
Two years after the fall of Tunisia's dictatorship, the country has drifted into the doldrums. Its economy is in shambles, its security situation is worrisome, and political progress is almost nowhere to be found.
Despite media hoopla, cross-border crime -- illegal drugs sales, evasion of taxes, intellectual property theft, and money laundering -- is hardly a new phenomenon. For much of history, moreover, the United States was as much perpetrator as victim. Recognizing this awkward truth should help cool down overheated debates about today’s transnational problems and how to respond to them.
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