(June 1, 1993) The analysis demonstrates that a debt crisis can be expected when borrowing decisions are made by corrupt agents whose behaviour cannot be controlled by their principals.
Other News Sources
(June 1, 1993) Arvind K. Jain uses the concept of agency theory to analyse the effects of corruption of the decision makers on the level of foreign debt.
(June 1, 1993) The fall of the Saddam Hussein regime in Iraq has called on lenders to account for their funding decisions as never before. Only two decades ago, the prevailing wisdom held that loans to governments were the least likely to go sour because government guarantees eliminated commercial risk. Dictators, in other words, posed no more or less risk than anyone else.
(May 27, 1993) Chinese officials yesterday appeared unprepared and unable to answer questions from environmental activists on the economics and environmental feasibility of plans to build world’s largest dam on the Yangtze […]
(May 14, 1993) No dissent has been allowed to stall the Three Gorges dam scheme, inspired by a Mao poem and now pet project of the man held most responsible for the […]
(April 30, 1993) Various reasons are being put forward to explain why India refused further World Bank assistance for the controversial Sardar Sarovar project.
Villagers occupy World Bank dam site in Thailand in desperate attempt to protect the “Kingdom of the fish”
(February 21, 1993) Beijing’s flurry of goodwill gestures, highlighted by the release of political prisoners, allowing dissidents to travel abroad, curtailing conspicuous surveillance of foreign reporters, and hinting at an olive branch for Hong Kong, has China – watchers scratching their heads and wondering: what next?
(December 18, 1992) Dai Qing, a dissident journalist jailed for ten months after the 1989 pro-democracy demonstrations, will fly to the United States next Sunday, having won a long battle for permission to leave China.
(November 2, 1992) View speech
(October 1992) Over one-third of World Bank projects fail.
(September 23, 1992) A newly formed coalition is putting pressure on the World Bank and other corporate money-lenders to stop funding China’s controversial Three Gorges Dam.
(September 21, 1992) Foes of a proposed giant dam spanning the Yangtze River in China stepped up their campaign here today by calling on all possible credit sources not to back the project.
(September 21, 1992) Chinese and Western environmentalists joined forces Monday to try to stop China from building the world’s largest dam, which they say would be a disaster from central China and its people.
(August 4, 1992) Dissident journalist Dai Qing is challenging China’s censorship by trying to publish a series of books critical of the multi-billion-yuan Three Gorges project.