Why Aren’t We Developing Faster?

(March 4, 2008) According to Paul Wolfowitz, former President of the World Bank: World Bank’s beneficiary countries that do not have access to capital markets mostly “remain poor because their political system is unstable, private property rights are very limited, the judicial system is weak or subservient, or the Government is corrupt” and assistance to such countries “at best provides relief [and] at worst supports corruption or programs that waste scarce local and external resources”.

Possible earthquake and bank stability due to the reservoir

The possible earthquake issue due to Three Gorges reservoir has been emphasized by the government for a long time, and extensive researches have been made on the issue involved in the rock, geologic structure, osmosis, etc. A 300~800 m deep-hole earth stress observation is carried out at dam and reservoir site and the earthquake intensive observation is made on some fracture zones around the dam. According to the researches, the geologic structure is stable, and has no geological background for a