Nepal is struggling to overcome the aftermaths of a decade-long civil war that cost 11,000 lives. The war formally ended in 2006, but violence and impunity continue in parts of the country. Kul Chandra Gautam analytically and evocatively reflects the tensions of the country, as a new Prime Minister, from the Maoist Party, takes over as elected head of the interim government. With a background note by Gabriele Köhler
History has given the Maoists a second chance to lead the Government of Nepal in three years. The new Prime Minister, Dr Baburam Bhattarai, assumes leadership of the nation with a mixed reputation – but on the whole, with high respect and great anticipation. In public opinion polls, he scores a much higher rating than any other current political leader of the country. Many Nepalis, especially the younger generation, hold him in high esteem as a highly educated, intelligent, competent and clean politician with a vision...
Marking the 30th anniversary of one of the world's more influential economic annuals experts pointed out that themes long sounded in UNCTAD's Trade and Development Report retain current prominence - particularly those citing the questionable wisdom of unbridled free markets.
In an open letter a global coalition of development activists and non-governmental organisations (NGOs) is calling on the World Bank's governors to ensure that the next president is chosen in an "open and merit-based process" that will give borrowing countries a major say in the selection.
After decades of isolation - imposed by major OECD countries out of concern for the country's human rights violations - Myanmar is emerging as a new darling of the "West" - judging by the accelerating succession of visits by senior officials and gurus. New groups of investors are waiting to enter the country as soon as possible.
Persistent high unemployment, the euro area debt crisis and premature fiscal austerity have already slowed global growth and factor into the possibility of a new recession. Now the United Nations have downgraded significantly its forecasts for the world economy in the next year.
Eastern European states are in for a new round of the crisis. The external control of the banking sector and high reliance on external credit has landed the countries of Eastern Europe in a vulnerable position. Now, credit flows from Western banks are drying up again. Hungary has been the first country in the region to ask for IMF support again.