All of a sudden every banker is a World Banker

Article Abstract:

Doubts exist over whether the new strategy of the World Bank and its affiliates to encourage private investment in developing countries will prove to be a wise one. By promoting more private investment, the World Bank is losing its once-dominant position as the leading lender to poor nations.

Finance, Investments, World Bank, Private sector, Multilateral Investment Guarantee Agency, International Finance Corp.

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Join the club: the BIS

Article Abstract:

The Bank for International Settlements is an institution for central bankers to meet and determine global finance and monetary policy. Nine new developing countries joined BIS on Sep 9, 1996. A history of the organization and its purview are discussed.

Membership, Central banks, Associations, Bank for International Settlements

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Invasion of the job-snatchers: fears that low-wage countries will eventually pinch many of the rich world's jobs are overdone

Article Abstract:

Low-wage countries such as China and Bangladesh do not threaten workers in developed countries because lower wages tend ot be linked to lower productivity. Developing countries will also use their gains to buy products from developed countries.

Editorial, Offshore assembly industry

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