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...little wonder that Botswana is the setting for Alexander McCall Smith's tales of contented Africa in The No. 1 Ladies' Detective Agency series. Thanks to the wealth in its soil coupled with a succession of honest and capable leaders, the country has gone through one of the most rapid economic transformations in recent history. It wasn't too long ago that Batswana children were schooled under trees and the country was so poor that its postindependence leaders famously told inquiring businessmen that there was "no point being corrupt." After years of consistent growth--Botswana since independence...

Author: /time Magazine | Title: Gem of an Idea. | 5/1/2008 | See Source »

...company launched into Bangladesh's fledgling sector in 1997 convinced, says Jon Fredrik Baksaas, Telenor's CEO, that "mobile communications are as important in this kind of society as in Scandinavia." Once Grameenphone, its business in Bangladesh, was up and running, Telenor sought fresh openings in markets offering rapid growth, and gradually accrued controlling stakes in local Thai and Malaysian operators. When Pakistan invited bids for a license to operate from 2005, Telenor jumped at the chance...

Author: /time Magazine | Title: Long-Distance Calling | 4/23/2008 | See Source »

...them on to poor neighbors for two cents each; in urban centers, it sells youngsters sms messaging in prepay packages. Targeting a range of customers is bringing rewards. Sales in Pakistan almost tripled last year to $632 million; Tore Johnsen, the Norwegian in charge of Telenor Pakistan, expects that rapid growth to continue in coming years...

Author: /time Magazine | Title: Long-Distance Calling | 4/23/2008 | See Source »

Four years ago, Harvard laid out an ambitious plan for a program to foster research at the intersection of computing and other scientific disciplines, then prepared for the initiative’s “rapid startup...

Author: By Aditi Balakrishna, Clifford M. Marks, and Nathan C. Strauss, CRIMSON STAFF WRITERS | Title: Funding Dispute Stymies Initiative | 4/23/2008 | See Source »

...fuel to power farm machinery, to the hydrocarbon-based fertilizers, to the gasoline needed to transport food to stores. At the same time, demand for grains has grown as developed countries produce more biofuels from food-crop feedstocks, and as people in China and India take advantage of their rapid income growth and start eating more meat (which requires more grain to feed more animals). Add to that a few short-term weather shocks, like drought in Australia, and emergency stores get depleted leaving prices to skyrocket. Fearful of food shortages, some large producer nations, including India, Vietnam and Kazakhstan...

Author: /time Magazine | Title: Food Aid Agency Feels the Crunch | 4/23/2008 | See Source »

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