The dimensions are truly gigantic: „A vast stretch of African savannah land that spreads across 25 countries has the potential to turn several African nations into global players in bulk commodity production“, reads a press release from the FAO. Four million km2 of Guinea Savannah, „one of the largest underused agricultural land reserves in the world“, could be developed for commercial agriculture, says a new FAO-World Bank study reviewed by Uwe Hoering.
The promises made by the study, jointly commissioned by the World Bank and the FAO (see reference), are based on the historical comparison with two areas, one in Asia, one in Latin America, with similar unfavourable conditions like the African savannah: abundant but unreliable rainfall patterns, poor soils and a high population density in the case of Thailand's North East, and remoteness, soils prone to acidity and toxicity and low population in the case of Brazil's Cerrado. In spite of such physical disadvantages, in both countries governments created the conditions for agricultural growth, „characterized by favourable macroeconomic policies, adequate infrastructure, a strong human capital base, competent government administration, and political stability“. Today, these regions are important agricultural producers, in Thailand mainly commercially oriented small-scale farms, in Brazil mainly large scale plantations ... ... this article comes up in WDEV 5/Sep-Oct 2009 and is for subscribers only. For direct log in >>> click here.If you have no subscription >>> pick your option or >>>
After decades of isolation - imposed by major OECD countries out of concern for the country's human rights violations - Myanmar is emerging as a new darling of the "West" - judging by the accelerating succession of visits by senior officials and gurus. New groups of investors are waiting to enter the country as soon as possible.
Persistent high unemployment, the euro area debt crisis and premature fiscal austerity have already slowed global growth and factor into the possibility of a new recession. Now the United Nations have downgraded significantly its forecasts for the world economy in the next year.
Eastern European states are in for a new round of the crisis. The external control of the banking sector and high reliance on external credit has landed the countries of Eastern Europe in a vulnerable position. Now, credit flows from Western banks are drying up again. Hungary has been the first country in the region to ask for IMF support again.
While the G20 efforts to manage global aggregate demand, exchange rate management and stronger regulation of the international financial sector have not worked out quite as planned, in Cannes the Group was further solidifying its role in directing the system of multilateral institutions.
In November 2011, the German Federal Ministry for Economic Cooperation and Development (BMZ) is celebrating its 50th anniversary.The new Minister, Dirk Niebel of the (neo)-liberal FDP has launched a 'radical change of course'. In the recent edition of the Reality of Aid shadow report the change is analyzed.