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Arabica Robusta

How the West Was Lost by Dambisa Moyo and Consumptionomics by Chandran Nair - review | ... - 0 views

  • Moyo shows well how fundamental economic liberalisation espoused by what she calls the profligate, greedy, self-interested west has come back to bite it.She clearly despises western free market capitalism, whose economies, she says, are based on ruthlessness, self-interest, and an ability to exploit resources and people from other countries, but her fawning admiration for the state-sponsored Chinese version of capitalism wears thin.
  • For all her brio and glamour, Moyo is a very orthodox thinker, unable to consider a world beyond free markets and underpriced resources and blind to the social effects of what she proposes and celebrates. GDP is her best measure of a country's success or failure; growth is her grail.
  • Chandran Nair's book, Consumptionomics: Asia's Role in Reshaping Capitalism (Infinite Ideas, £19.99), is altogether more subtle. Unlike Moyo, he is not part of the elite discussion groups convened at Davos or the Aspen Institute.
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  • What we get is not an attack on the west so much as a powerful critique of the development path that Asia, and especially China, is taking and a healthy questioning of markets.
  • The west has blown its chance, they each suggest, by fatally abdicating responsibility to the free market and the bankers, but China and other Asian countries are being led by strong governments with both the power and the confidence to take the hard decisions to avoid the west's mistakes. It is this that gives both authors some optimism for the future – albeit for very different reasons.
Arabica Robusta

Jubilee's oil…Bonyere's gas: what's going on? | Pipe(line)Dreams - 0 views

  • The World Bank is providing funding for the gas project and Bank officials do not understand why the project is stalling.
    • Arabica Robusta
       
      Is this believable? The World Bank seems to often be confused about project delays and failures when it is opportune (for businesses) that they are confused.
  • Yeboah’s article focuses on citizens’ grievances in Bonyere and the neighboring communities.  Although it is unlikely that community concerns are the main cause of the project delays, it does appear that the government still has some significant community relations issues to resolve.
  • Gary explains that, “too often, projects suffer from an ‘original sin’ – affected communities were not adequately consulted prior to the investment decision and had little say about how and whether these projects were developed.”
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  • He adds that projects that sideline the consent of local people often lead to confrontation and conflict, negating any potential benefits for the local communities.
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