COMMENTARIES
COMMENTARIES
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Towards a Liberal Dictatorship?
Mikhail Delyagin Series: A Window on Russia 2000-01-27MOSCOW: Russia's presidential elections next month now look like a coronation. The speed of Vladimir Putin's seemingly irresistible rise astounds everyone. What is the secret of his phenomenal political success? ... read Comments: 0 Recommended: 0 Read: 11591
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India's China Syndrome
Jeffrey D. Sachs Series: Economics and Justice 2000-01-26CAMBRIDGE: India may the most important unheralded story of the world economy in coming years. Though India's one billion people constitute nothing less than one-sixth of humanity, and notwithstanding the fact that India is the world's largest democracy, India remains off the radar screen for most observers of the world economy. This may change soon, for India is on the move. If it remains on course with economic reforms, India will be one of the fastest growing economies in the world in the next few years, and will become one of the premier locations for foreign investment. India's global political influence is likely to rise in conjunction with economic success, benefiting both the cause of democracy as well as the global economy. ... read Comments: 0 Recommended: 0 Read: 10387
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Technology and Economic Growth
Alberto Alesina Series: The World in Words 2000-01-25ROME: The story of Elihu Thompson, the inventor of the electric dynamo, and ultimately a founder of one of America's great companies, General Electric, recurs frequently in the speeches of Alan Greenspan. The chairman of America's Federal Reserve Board is understandably fascinated by the great inventions of the late 19th century which revolutionized industrial production in America and around the globe. ... read Comments: 0 Recommended: 0 Read: 9860
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Chile's New President, General Pinochet and the Po
Sebastián Edwards Series: The World in Words 2000-01-18SANTIAGO: After a hard-fought electoral battle, Chile has a new president. On Sunday, Ricardo Lagos, the socialist leader, defeated his conservative challenger Joaquin Lavin, by 190,000 votes, the smallest margin of any presidential election since Chile's return to democracy. ... read Comments: 0 Recommended: 0 Read: 14599
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The ECB & Europe's Upswing
Rüdiger Dornbusch Series: Anatomy of the Global Economy 2000-01-13CAMBRIDGE: Europe is on an upswing in growth and euphoria. But how long can this last? Showing the nervousness to be expected of a new recruit, the European Central Bank (ECB) has already fired a premature shot at the still hidden figure of inflation. Will it wait for inflation to really show before firing another volley? Or will the ECB empty its guns at the first rumblings of a stronger business cycle, fearful of accusations of running from battle or of being caught of guard. ... read Comments: 0 Recommended: 0 Read: 7635
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Who Will Pay the Price of Enlargement?
Ian Davidson Series: The World in Words 2000-01-10LONDON: The glow of optimism at the European Union's Helsinki summit last month, when EU leaders decided to extend membership negotiations to all ten candidate countries from Central and Eastern Europe, plus Malta and Cyprus, is fading fast. It has now become crystal clear that enlargement is going to be a very difficult process: difficult to negotiate, and just as difficult, perhaps, to sell to the voters. ... read Comments: 0 Recommended: 0 Read: 5039
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Yeltsin's Last Surprise
Nina L. Khrushcheva Series: A Window on Russia 2000-01-03MOSCOW: The hardest thing about power is knowing when to let go. The next hardest, particularly in a country like Russia which has experienced nothing but dictatorship for a millennium, is knowing whom to hand over power to. In announcing his resignation on December 31 Boris Yeltsin may have succeeded on both counts, assuring not only his personal safety, but his place in history and Russia's infant democracy. ... read Comments: 0 Recommended: 0 Read: 9406
