Stories about Economics & Business from March, 2012
Slovakia: Paying More Due to Corruption in the Area of State Tenders
Tibor Blazko highlights the ongoing public debate on corruption in the area of state tenders in Slovakia.
Myanmar: Responsible Tourism
The Irrawaddy interviews Dr. Andrea Valentin who talks about responsible tourism and the prospect of pro-poor tourism in Myanmar.
Taiwan: Failed ‘Made in Taiwan’ Clothing Promise Disappoints
Upon its success in establishing its market, former 'Made-in-Taiwan' fashion brand, Lativ, has decided to relocate its production line overseas. Many of its supporters feel betrayed.
Bulgaria: Construction of the Nuclear Power Plant “Belene” Cancelled
The Bulgarian government announced the cancellation of the construction of the nuclear power plant "Belene" on March 28. This controversial project and the consequences of its halt drew quite some attention. Rayna Stamboliyska reports.
Spain: General Strike Across Cities and Neighborhoods
Hundreds of people took the streets around cities and neighborhoods in Spain yesterday to participate in a general strike (29M) to protest against proposed government cuts to indispensable social services. March 29 became a new important date in the movements' agenda.
Sri Lanka: How Should We React To Beggars?
The Puppeteer invokes the debate “how should we react to beggars?” How do we know they are sincere or professionals?
Russia: Kenyans at Pro-Putin Rally Identified As Moscow Circus Acrobats
A month ago, the video of a group of anonymous Kenyan men, who allegedly participated in a pro-Putin rally, received much attention on the RuNet. One blogger recognized the Kenyans as the acrobats who had been brought to Moscow by the Russian circus authorities, to hone their skills and have them later perform here.
Nigeria: Okonjo-Iweala’s Bid for World Bank’s Top Job Creates Ripples
Ngozi Okonjo-Iweala from Nigeria is the only woman on the race for the World Bank presidency. Need anyone be surprised that her ambition is raising ripples online? Ever since NOI made her intentions public, social media sites have known no peace with opinions and comments from African netizens.
Palestine: Gazans Suffer Due to Fuel and Electricity Shortage
Over the past decade, the words “Gaza” and “crisis” have become almost complementary. The crises have ranged from war and military raids and invasions, to military occupation, and in this case to an electricity and fuel outage.
Senegal: Wade Warned New President Sall of Shortage in Public Funds
M. Ndiaye reports [fr] that Wade warned newly elected president Macky Sall that the State will not be able to pay public servant salaries if he is not re-elected. Furthermore, P. Faye adds that Wade also stated before election Day that infrastructure construction in the city of Matam and Podor will stop...
Southeast Asia's Golden Triangle: From Opium to Casinos
Tan Kai Swee presents a video on EngageMedia about the opening of new casinos in Southeast Asia's infamous Golden Triangle in Thailand, Myanmar, and Laos which used to be the center of opium production in the region.
Italy: Protests Blaze Over High-Speed Rail to France
The last few weeks have been particularly important (and controversial) for the "No Tav" movement, which, since 1981, has opposed the construction of a high speed train line between Turin and Lyon. Alongside on-going protests, suppression and legal disagreements, activism and discussions blossom online.
Spain: Are You For or Against EuroVegas?
The CEO of Las Vegas Sands, multibillionaire Sheldon Adelson, has decided to establish his next hotel-casino complex EuroVegas in Spain. If the Spanish government seems enthusiastic about this project, the Spanish people are divided on the issue.
France: Protests in Marseille against the Privatisation of Water
Babalobi wrote on eWash: “Accompanied by unarmed policemen, protesters marched through the streets of central Marseille singing, dancing and chanting slogans against ‘privatisation’ and ‘commodification’ of urban water supply.” The protests were organised by global civil society movements that include Public Service International, Africa Water Network, European Federation of Public Service Unions, Transnational Institute,...
Hungary: An Eventful Celebration of the National Holiday
The prime minister compares the country to a frog; a rapper is elected as "the alternative president"; far-right protesters break into the IMF office; a techno party is held at Budapest's Heroes' Square, followed the next day by a paramilitary group's oath ceremony. Marietta Le reports on this year's eventful celebration of Hungary's National Day.
Cambodia's First IPO
Sihanoukville Journal writes that the Cambodia Stock Exchange opened last year but no company has been listed yet. But three state corporations will soon trade stocks which are being keenly anticipated by global investors
Philippines: Electric Jeepneys
Prime Sarmiento writes that the Philippines has recently launched the largest electric public transport fleet in Southeast Asia with its first commercial franchise of electric jeepneys (e-jeepneys). The jeepney is the most popular public mode of transport in the country
Russia: “Anatomy of a Protest” Film Causes “NTV Lies” Scandal
On Sunday, March 18, there were old TV sets, a mock coffin, and plenty of flowers and cookies outside the Ostankino TV tower in Moscow, where a few hundred protesters gathered for a mock funeral of the "truthful television."
Slovakia: Corruption, Parliamentary Elections, and SMER's Comeback
The March 10 victory in the Slovak parliamentary elections is not the first one for the SMER-Social Democracy party. Formerly a communist, now a social democrat, the party's leader Robert Fico has won for the third time in a row already. Tibor Blazko provides background on this year's vote and reviews some of the online reactions.
Puerto Rico: The New Greece?
The financial analyst Cate Long, in her blog on Reuters.com, highlights the similarities between Greece's and Puerto Rico's economies. Her column became a target of attacks by the governor of Puerto Rico's, Luis Fortuño, administration. Social networks and blogs amplified the debate about the Caribbean island's fragile economy.
Nepal: Why Nepal Is Poor
Chandan Sapkota argues that extractive political and economic institutions are the reasons why Nepal is poor.
