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...seminal 1989 book, The Other Path. His new work argues that most market-oriented reforms have failed to help the poor because clubby oligarchs and red tape have shut them out. In Peru it takes a year or more to legally start a business--and it costs, in government fees, 31 times the minimum monthly wage. To legally own a home in the Philippines, De Soto says, requires a wait of as long as 25 years and 168 often venal bureaucratic steps. As a result, the Third World's poor--two-thirds of the world's population--have little choice...

Author: /time Magazine | Title: Underground Riches | 5/7/2001 | See Source »

...Serbia. But the West wants to convince him to stay in the federation and negotiate a new relationship with Serbia. And against that will be the pressure from the liberals, who will try to push him in the opposite direction - and without them he will find it difficult to govern...

Author: /time Magazine | Title: 'Montenegro Poll a Setback for Independence' | 4/23/2001 | See Source »

First, the FTAA, like NAFTA, would govern not only disputes between nations but also disputes between investors and nation-states. Corporations gained for the first time in Chapter 11 of NAFTA an institutional mechanism through which suits can be filed against foreign governments...

Author: By Anna Falicov and Brian A. Shillinglaw, S | Title: Fair Trade for the Americas | 4/19/2001 | See Source »

...assistance for smaller hemispheric economies, to help them cope with the impact of integration. Grappling with such New Economy challenges has forced every country to reexamine relations with its own domestic constituencies. "Global market forces have put enormous pressures on Latin American countries to improve the way they govern," says OAS general secretary Cesar Gav?ria. "Even six years ago, it wasn't clear how critical the state was to resolving issues like poverty and the wealth...

Author: /time Magazine | Title: Special Report: Summit of the Americas | 4/19/2001 | See Source »

When it comes to the environment in general, the President must answer charges that his campaign sales pitch was little more than bait and switch. Almost immediately upon taking office, the soothing candidate who made it a point to sound so many green themes on the stump began to govern much more like the oil-patch President conservatives hoped he would be. The Administration announced it was suspending rules to reduce arsenic in drinking water, reconsidering Bill Clinton's decision to protect 58 million acres of federal land from logging, and pursuing oil drilling in the Arctic National Wildlife Refuge...

Author: /time Magazine | Title: Global Warming: A Climate Of Despair | 4/9/2001 | See Source »

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