Showing posts with label bloomberg news. Show all posts
Showing posts with label bloomberg news. Show all posts

What's the matter with the world today?


People like me tend to focus on problems, mostly because we are interested in finding ways to address them and thereby improve the human condition. Nonetheless, we should occasionally remind ourselves that all is not doom-and-gloom. In fact, there are plenty of reasons to be cautiously optimistic about the state of the world today, and maybe even about the future. The overall level of global violence is at historic lows (despite some tragic conflicts that still defy solution), the world economy has done very well over the past half-century (despite its recent problems) and life expectancy, public health, and education levels have risen dramatically in many parts of the world (though conditions in a few places have deteriorated badly).

So Cassandra-like pessimism may not be appropriate, even for a realist. Nonetheless, I am beginning to wonder if our

ability to deal with various global problems is decreasing, mostly due to the deterioration of political institutions at both the global and domestic level. Here are some tentative thoughts in that direction.

One way to think about the current state of world politics is as a ratio of the number of important problems to be solved and our overall "problem-solving capacity." When the ratio of "emerging problems" to "problem-solving capacity" rises, challenges pile up faster than we can deal with them and we end up neglecting some important issues and mishandling others. Something of this sort happened during the 1930s, for example, when a fatal combination of global economic depression, aggressive dictatorships, inadequate institutions, declining empires, and incomplete knowledge overwhelmed leaders around the world and led to a devastating world war.

Human society is not static, which means that new challenges are an inevitable part of the human condition. New problems arise from the growth of societies, from new ideas, from our interactions with the natural world, and even from the unintended consequences of past successes. As a result, policymakers are always going to face new problems, even when the old ones remain unresolved.


Reade more

Ousted Kyrgyz present takes refuge in


























INSK, Belarus — Kyrgyzstan's ousted president was in exile in Belarus on Tuesday, as the interim authorities controlling the Kyrgyz capital warned he would be imprisoned if he tried to return to the Central Asian country.

Kurmanbek Bakiyev, who fled the Kyrgyz capital Bishkek after an April 7 protest rally that exploded into gunfire and left 85 people dead, had taken refuge last week in neighboring Kazakhstan, then left Monday for an unannounced destination.

Belarus' authoritarian President Alexander Lukashenko said Tuesday that "Bakiyev and his family are in Minsk under the protection of our state and me personally."

His presence, however, could exacerbate Belarus' tensions with both the West and neighboring Russia, as well as with Kyrgyzstan itself.

"We have a mutual obligation to extradite criminals," said Edil Baisalov, chief of staff for interim Kyrgyz leader Roza Otunbayeva. "We expect Belarus to provide protection and security for Bakiyev until he faces justice in Kyrgyzstan for his bloody crimes."

He accused Bakiyev of being responsible for the Bishkek bloodshed

Read more

Uganda to Spend $26 Billion on Development, Monitor Reports


April 20 (Bloomberg) -- Uganda intends spending 54 trillion shillings ($26 billion) on a five-year national development plan expected to raise citizens’ wages to middle-income levels by 2015, the Daily Monitor reported.

The plan may enable the country to increase average annual salaries 1.8 million shillings from 1 million shillings, the Kampala-based newspaper reported, citing President Yoweri Museveni. The plan will focus on investing in the energy, railway, water, air transport, health and education industries, it reported.