Another piece of the ambitious 87,546 mile Asian Highway (AH) network slotted into place last month as Vietnam completed its section. The milestone was announced by Do Ngoc Dung, vice director of the Vietnam government’s My Thuan Project Management Unit. The Asian Highway now links Vietnam, Laos, Thailand and Myanmar. The $144.77 million construction bill was partly financed by the Asian Development Bank. When completed, the $44 billion AH network will weave through 32 countries, connect Asia with Europe, and boost regional economies by facilitating trade and tourism. It also fuels dreams of a Pan-Asian community with a common social-political-economic [...]
Economics & Business
Although both China and Africa were home to two of the world’s oldest civilizations, each dating back more than 6,000 years, China has only recently discovered the true value of Africa. China’s initial forays on the continent, during the 1960s and 1970s, were driven by political ideology and thus inherently limited in scope and duration. Today, the basis of the Sino-African relationship has evolved from politics to economics. “China explicitly stated that they were going to shift their focus away from ideology in 1996,” says Christopher Alden, senior lecturer in international relations at the London School of Economics. A major [...]
What’s the solution to world poverty? Some might say food aid; others, training and investment. But, for a growing number of international philanthropists, the next big thing for the Third World might just be the same force that’s been reshaping the First: technology. It all started at the 2005 World Economic Forum in Davos, Switzerland, when Nicholas Negroponte, the founder of the Massachusetts Institute of Technology’s Media Lab, announced an ambitious plan to improve education and stimulate economic growth in the world’s poorest countries with the development of a $100 laptop. Just over a year later, One Laptop Per Child [...]