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06 July 2008
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East Asia area world's 'most open for trade';

WASHINGTON, March 30, 2006 — East Asia's economies delivered another solid
performance in 2005, now surpassing Europe as the region most open for trade in the world, according to the World Bank's latest East Asia Update.

In 2005, developing country economies grew by 8.2 percent and this solid growth is expected to continue at a 7.8 percent, rate in 2006.

Growth in East Asia was broad based for the second year in a row, exceeding 4
percent in every country, except Timor-Leste. The Pacific Islands, however,
show a much weaker performance with only two out of ten countries growing above 4 percent.

This impressive performance was in spite of rising oil prices – the highest in 25 years – rising interest rates, continued worries over the financing of the United States' current account deficit and over the prospect of the spread of avian flu, reports the twice-yearly look at the economies of East Asia and Pacific.


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ANALYSIS/OPINION
Petraeus and Bush.
General David Petraeus' new job may put him in position to follow through on his saber-rattling against Iran, says a Washington think tank.
From: Institute for Policy Studies
Related topics/regions: [Iran] [United States]
Image: Petraeus and Bush. © Eric Draper - White House
Children at a rural Nepal school enjoy a meal as part of the World Food Programme's feeding program.
This week's alert on the growing global food crisis is perhaps the most worrying one we've ever sent, says OneWorld's managing editor in the United States.
From: OneWorld US
Related topics/regions: [Agriculture] [Aid] [Emergency relief] [Food] [Poverty] [Economy] [Nutrition/malnutrition] [Geopolitics] [Globalisation]
Image: Children at a rural Nepal school enjoy a meal as part of the World Food Programme's feeding program. © Naresh Newar / United Nations' Integrated Regional Information Network
Blanca Ovelar represents change for Paraguay, but how much?
ASUNCION, Apr 10 (IPS) - For the first time in Paraguayan history, a woman is running for president in the elections on Apr. 20, as the candidate of the Colorado Party, which has governed this country continuously for 61 years.
From: Inter Press Service (IPS)
Related topics/regions: [Paraguay] [Gender] [Politics] [Democracy]
Image: Blanca Ovelar represents change for Paraguay, but how much? © Blanca Ovelar official Web site
Zambia has been forced to reallocate resources intended for poverty alleviation to pay a "vulture fund," a company that scammed the impoverished nation to make millions off its cancellation of a 1999 debt, writes an organization promoting African development.
From: Africa Action
Related topics/regions: [Zambia] [Poverty] [Corporations] [Debt] [Finance] [Health] [Corruption & transparency]
It is high time for India and China to move beyond conflicts and start cooperating politically, economically, and technologically for mutual benefits, says Dr. Aqueil Ahmad.
From: Share The World's Resources
Related topics/regions: [India] [China] [Geopolitics]
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