Word: reformations
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...during the next five years and then to 3.3%. Recent productivity figures look good, but these figures always fall during slumps and rise during recoveries. The jury is still out on whether long-term productivity growth has improved and by how much. But it seems doubtful that structural reform has yet reached the critical mass to raise Japan's long-term growth potential substantially...
...risk now is that the government and firms may believe that corporate reform has gone far enough. In reality, Japan needs to do more to spur fiercer competition at home, as well as to attract more foreign investment and imports. All of that will have to take place in a new political climate. Growing income inequality and a rising poverty rate have become big issues. Some opponents of reform blame this on Koizumi's alleged "market fundamentalism." In fact, the trend began two decades ago-though it has intensified in recent years. Abe's challenge is to combat inequality...
...funneling $78 million in bribes from oil companies to Kazakhstan's top leaders. Kazakhstan has flatly denied that its officials have done anything wrong, and Giffen has denied the charges against him. His case is scheduled to go to trial in January. The temptations of oil money make political reform all the more imperative. There are some promising signs. The 2005 U.N. Development Program Fact Sheet praised Kazakhstan as "thus far the only country in the region that has begun a civil-service reform program." In Astana, Kuat Akizhanov, 30, head of the social-economic analysis department...
...opposition leaders, who are all former allies and top officials of Nazarbayev, have not fared well. Former Energy Minister Mukhtar Ablyazov was jailed in 2002 for embezzlement and misuse of state funds. A year earlier former Prime Minister Akezhan Kazhegeldin, who played a crucial role in liberal economic reform, was forced into exile and tried in absentia for financial abuses, was sentenced to 10 years and had his property confiscated. Last November, Zamanbek Nurkadilov, a former regional Governor and Emergencies Minister who [an error occurred while processing this directive]had become a strong critic of Nazarbayev and opposition leader...
...Apple, RAMSI officials were generating color and movement in Honiara. Working the grass roots, the mission set up community outreach stalls to promote its work. According to the Solomon Star newspaper, a young Canberra economist, Harry the Juggler, entertained the crowd while speaking in pidgin about economic reform; it was goofy but effective. RAMSI is popular with locals because it's brought better security, some services, and new infrastructure. RAMSI is a strange beast. It is not an occupying force, but remains in the Solomons at the invitation of the government. Yet the key role of the mission at this...