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Walden Bello

Democracy and charisma: A dangerous liaison

In India and the Philippines, strongmen have consolidated immense power through democratic means. How do we explain this?

Chain-gang economics

''The world is investing too little,'' according to one prominent economist. ''The current situation has its roots in a series of crises over the past decade that were caused by excessive investment, such as the Japanese asset bubble, the crises in emerging Asia and Latin America and, most recently, the IT bubble. Investment has fallen off sharply since, with only very cautious recovery.''

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