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UN opens Biodiversity Year with plea to save world's life-supporting ecosystems

In a bid to curb the unprecedented loss of the world's species due to human activity – at a rate some experts put at 1,000 times the natural progression – the United Nations is marking 2010 as the International Year of Biodiversity, with a slew of events highlighting the vital role the phenomenon plays in maintaining the life support system on Planet Earth. “Humans are part of nature's rich diversity...

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Rural Industrialisation as the ‘Mahayana’ of International Cooperation: A World Waiting to be Born by Saurabh Kumar

The following piece was written for the UNIDO’s General Conference that took place in Vienna this month but could not be carried by any of the international papers because of a slight delay, although some feel its contents may not be ideologically palatable to them. Hence it is being carried here for the benefit of our readers. —Editor A highly positive sum game awaits the community of nations if an internationally...

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Toward Greater Transparency through Access to Information: World Bank Finalizes Landmark Policy

The World Bank today finalized its Access to Information Policy, which makes the Bank a transparency leader among international institutions.  The policy was approved by the Board of Executive Directors on November 17, 2009 and will become effective July 1, 2010. The final text of the Policy paper reflects the comments and requests for clarifications sought by the Board during the November 17 discussion. “With the adoption of a progressive disclosure...

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Decade of debt-fuelled boom and bust by Larry Elliott

Borrowing was both the shaky foundation of global growth and the cause of its collapse. It started with a bust and it ended with an even bigger bust. In between was sandwiched an unsustainable boom. Banks have been humbled. Economists have been found wanting. Geopolitical power began to shift from west to east. That was the noughties that was. It barely seems five minutes ago that policymakers were fretting about the...

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Built on illusion by Jayati Ghosh

The collapse of the Dubai dream is not without any implications; it may be an indication that the travails of finance capitalism are not over. GLOBAL capitalism is in a phase in which it must deal with the fruits of the overextension during the previous boom, and there is no doubt that this is going to be painful. The financial crisis in the United States and some other developed countries...

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