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Economy

Making of a nightmare

Author(s): Khalid Hussain
Issue Date: Aug 15, 1996

AZERBAIJAN

Issue Date: Aug 15, 1996
The city of Sumgait which was an environmentalist's nightmare, is now looking up. Almost every factory in this heavily industrialised city had to close due to skyrocketing costs after the loss of the erstwhile Soviet markets and subsidies. This has given some solace to those who have suffered one of the worst environmental disasters in the former Soviet Union, even though they have lost their jobs. A plan is now afoot to put Sumgait's economy back on track with a promise to provide both jobs and cleaner air.

UNITED NATIONS

Issue Date: Jul 31, 1996
The first comprehensive status report on tobacco consumption all over the world has been prepared by the World Health Organization. The study revealed that around 1,100 million individuals around the world smoke regularly. While use of tobacco has decreased in developed countries since the early '80s, this decrease has been offset by a comparable increase in less developed countries. It is estimated that if current trends continue, tobacco use will claim 10 million deaths per year, of which around seven million will occur in developing nations.

HARDY SURVIVOR

Issue Date: Apr 30, 1996
Twin problems of war and drought has eaten into the Sri Lankan economy. However, the resilience of the economy to fight back during previous shocks has seen it past most major crises. This time too, analysts hope that the economy will turn around. Says Patrick Amarasinghe, chairpersoR of the Federation of Chambers of Commerce and industry, "The country has been very resilient and has a strong private sector. We have had this war going on fur the last so many years inspite of which we have had growth."

The 20th century Nostradamus

Issue Date: Feb 29, 1996
WITH the advent of the modern era, people had long began conjecturing about the future, maintains Barry Minkin. Which way will the wind of change blow? This is the focus of the book in which business consultant, speaker and futurist Minkin has enlisted 100 trends that will most influence business and global economy beyond AD 2000.

Precarious perch

Issue Date: Dec 15, 1995
RECESSION, debt and oil crisis are common features of the present decade, which crippled the economy of many countries. The decade expe rienced very little stimulation and support to the health system. It is within this context that interes in the sustainability of healthcare in developing counte emerged, and questions were raised about the quality of investment in the field of health.

SPEED IS THE NEED

Issue Date: Dec 15, 1995
Bangladesh wom retain a sluggish annual gross domes product (GDP) rate below five per a unless it improves its pace of refom warns the World Bank (WB). A rece study conducted by WH foresees Ah, GDP growth rate at 4.7 per cent 1996-97 in the absence of a bold approach to reforms and uncertain political scenario. now depends on the new government, which will be place after the elections next year, to speed up reforms il is to expect more monetary benefits from the Bank.

Taxing times

Issue Date: Nov 15, 1995
Environmentally sustainable development is the high point of talk in almost all international fora these But a key policy question is the extent to which the existing tax and subsidy regimes encourage or sustainable use of the environment. The subsidies in 1991 for

A critical appraisal

Issue Date: Sep 15, 1995
IN A severe indictment of the government's economic policies, the Planning Commission has observed that capital expenditure on infrastructure and social sector have suffered most in the quest for fiscal deficit control. Public investment in agriculture has become stag- nant or has decreased over the first 3 years (1992-95) of the Eighth Plan employment rate has been lower than envisaged. Glaring inadequacies in irrigation and flQod control projects have also come to light. The mid-term appraisal has warned against the swift and wide opening up of

BRAZIL

Issue Date: Aug 31, 1995
The Brazilian government has come down heavily on the Kayapo Indians, an Amazonian tribe. The Kayapoes are "mining" mahogany from the reserve forests in northern Brazil and wreaking havoc on the pristine forest cover, allege the authorities; therefore, they must be stopped immediately. Now, a court in Brasilia has banned the selling of mahogany altogether. It has confiscated the wood from the kayapoes and plans to auction it. The proceeds, estimated at more than E900,000, will go to the government's environment agency, Ibama.
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