Robin Hood breakthrough; emerging market businesswomen; China v India v The West in Africa; Libya’s oil; climate change, conflict and US double standards; South Sudan’s GDP: Links I liked
Max Lawson updates us on a breakthrough moment on the Financial Transactions Tax (aka Robin Hood) and a new acronym – HFT or high frequency trading.
‘In China, 32% of senior managers are female, compared with 23% in America and 19% in Britain. In India, 11% of chief executives of large companies are female, compared with 3% of Fortune 500 bosses in America and 3% of FTSE 100 bosses in Britain.’ The Economist discusses why ‘women are storming emerging-market boardrooms’.
China used aid and other tools vigorously to encourage its companies to invest in Africa, but that did not seem to be the case for Europe and America, whose aid programs were more paternalistic, and seemed to be designed as charity. Deborah Brautigam discussed her new report on what Western donors can learn from China in Africa. But what about India in Africa? China has some BRICS competition…..
Global Witness warns against the risks of an oil feeding frenzy in post-Gaddafi Libya
Ed Carr rubbishes the research that suggests that ‘50 of 250 conflicts between 1950 and 2004 were triggered by the El Niño cycle, according to scientists’, as reported in the Guardian and the Economist. Can someone tell us who to believe?
CGDs Lawrence MacDonald berates US hypocricy on climate change : ‘Perhaps it’s time that India and other developing countries hard hit by runaway climate change turn the tables and start asking tough questions about U.S. energy policy in general and the proposed Keystone XL Pipeline [from the tar sands in Alberta, Canada, to Texas refineries along the Gulf of Mexico] in particular. India, for example, could ask: “Have you given any consideration to what the increased emissions from tapping the tar sands could mean for us?” If the answer is “yes” then approval of the pipeline could only be construed as a hostile act. If the answer is “no” then the follow up question must surely be: “Why not?”
Government statisticians in the world’s newest country, South Sudan, have hit the ground running with its first GDP estimate. GDP per capita in 2010 was estimated at US$1,546 compared to US$769 in Kenya and just US$189 in Burundi. As a result of the oil revenue sharing deal with the North, gross national income (GNI) is much lower GNI at US$984 per capita. But this is still significantly higher than any country in East Africa:
Table: GDP and GNI of East African Countries in 2010, million USD, current