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Economy

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.

Loopholes in the net

Issue Date: Aug 15, 1995
The broad terms of the draft agreement expected to be ratified in August by countries participating in the 6th session of the United Nations Conference on Straddling Fish Stocks and Highly Migratory Fish Stocks are fine in form but slightly short on content. Prospects of the sustainable use of this vital stock of food and wealth will depend on whether the nations patch up this gap.

China: science goes to the marketplace

Issue Date: Aug 15, 1995
CHINA'S 700-page white paper on scientific research, presented at the recent National Science and Technology Conference in Beijing, calls for the commercialisation of research results, according primacy to marketable advancements. It is a pertinent effort, in tune with the ongoing technological revolution in the world and the upgrading of outdated institutions.

IVORY COAST

Issue Date: Jul 15, 1995
Foreign and national investors are being wooed in a big way to the Ivory Coast, which is overhauling its 30-year-old mining code for their benefit. The objective, according to a draft code presented before the parliament, is to make mining of gold, diamonds and other minerals as important to the economy as its traditional strength, agriculture.
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