The Great Debate UK
from The Great Debate:
-The opinions expressed are the author's own-
Are economists the world over using an outdated tool to measure economic progress?
The question, long debated, is worth pondering again at a time when two economic giants, the United States and China, are sparring over trade, currency exchange rates and their roles in the global economy.
In the run-up to U.S. mid-term elections on November 2, politicians from both parties, for different reasons, blamed trade with China for American job losses. China responded with irritation and hit back by accusing the U.S. of "out of control" printing of dollars tantamount to an attack on China with imported inflation.
Measured by Gross Domestic Product (GDP), the United States tops the list of countries. China overtook Japan in August to become number two. Depending on whose forecasts you believe, China will overtake the United States in 2020, 2035 or 2040 and therefore turn the 21st century into the long-predicted Chinese Century. It's becoming conventional wisdom that the United States will play a reduced role on the world stage.
from Reuters Investigates:
By Pascal Fletcher
If any country deserves the description "blighted", or a "blot on the conscience of the world", it is surely Haiti, that pocket of poverty lying in the blue Caribbean just two hours flying time from the richest country on the planet.
Less than 10 months since a huge earthquake jolted the small but densely populated nation of 10 million people, toppling brick homes like cards in the hilly capital Port-au-Prince and killing more than half a million souls, a deadly cholera epidemic is now killing more Haitians by the dozen as an aghast world looks on in another paroxysm of sympathy.
Former United Nations Secretary General Kofi Annan once remarked that in terms of people killed and injured every day, conventional weapons are the worst weapons of mass destruction in the 21st century.
from Africa News blog:
Earlier this month, Zambian economist Dambisa Moyo argued that Africa needs Western countries to cut long term aid that has brought dependency, distorted economies and fuelled bureaucracy and corruption. The comments on the blog posting suggested that many readers agreed. In a response, Savio Carvalho, Uganda country director for aid agency Oxfam GB, says that aid can help the continent escape poverty - if done in the right way:
In early January, I travelled to war-ravaged northern Uganda to a dusty village in Pobura and Kal parish in Kitgum District. We were there to see the completion of a 16km dirt road constructed by the community with support from Oxfam under an EU-funded programme.