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Dangers of a Cash Based Economy

A tragic - yet not uncommon - story in Russia: a businessman, exploring new business opportunities, killed while carrying $400,000 in cash.  Why carry this much cash and not use a bank system?    The killing casts the spotlight once again on the prickly issue of cash-only payments, a tax-avoi...

Kuwaiti women vote

A brief note, since this was not well-covered in mainstream media: Today, Kuwaiti women made history when they voted for the first time in municipal elections, where two women also were running for office. This paves the way for them to vote in the 2007 parliamentary elections, the only elected pa...

Shock Altruism

Over the past few months, and most recently in the Washington Post, there have been a variety of articles about the Millenium Village Project.  Created and carried out by Jeffrey Sachs and the Earth Institute at Columbia University, the Millenium Village Project attempts to provide destitute villag...

Corruption and Aid

Although this story is a little dated, I just came across it and thought that it deserves some attention.  A few weeks ago, Oxfam suspended its reconstruction activities in tsunami damaged Aceh, citing corruption concerns.  Certainly a sign of ethical behavior from an organization, which chose not...

Women Participation

Slowly but surely, a labor market revolution is taking place in Egypt, Record numbers of Egyptian women are holding jobs, and the variety of careers open to them is rising. Women serve as bank CEOs, newspaper editors, university deans, and government ministers. One has been appointed a judge. I sens...

China’s Trapped Transition

I had an opportunity to attend a presentation by Minxin Pei on his new book China's Trapped Transition: The Limits of Developmental Autocracy. Minxin Pei refutes three popular "myths" associated with China's current economic and political situation: economic growth inevitably leads to political l...

New Blog from the World Bank

PSD Blog is no longer the only World Bank blog enlightening us on issues of economic growth and democratic development.  Welcome Poverty and Growth Blog!

Price Controls Revisited

The Russian government, concerned with high inflation which it partly links to the rising prices of goods and services provided by Russia's natural resource companies, is calling on the Russian oil companies to "take measures" to prevent price increases this spring. Russian Prime Minister Mikhail Fr...

Democracy at Work?

What do you do if neither the Constitution nor the ballot box can resolve a dispute?  Citizens in Thailand have decided to turn to the king and ask him for help.  And such sentiments are not limited to Thailand: Observers say monarchs in Asia's emerging democracies have provided a check against ...
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