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...billion Estimated annual cost of corruption in Africa--25% of the continent's GDP--including lost tax revenue and deterred investment...
...North Korea suffered a severe famine that lasted for several years and left perhaps hundreds of thousands dead. Although increased trade and relatively good harvests in the past couple of years mean the current situation is fairly stable (Pyongyang doesn't publish reliable economic statistics, but most estimates put GDP growth in recent years in the 1%-to-2% range), the North remains dependent on outside food aid. According to the Brussels-based International Crisis Group, conditions could deteriorate quickly. A forthcoming report warns that "a perfect storm may be brewing for a return of the famine." The report notes...
...also a chance, the officials agree, for Panama's ruling class to shed its notorious reputation for brazen malfeasance by managing the new canal wealth responsibly and finally doing right by the 40% of Panamanians living in poverty. The country's GDP per capita is $4,318, which still makes it No. 2 in Central America. Serious doubts about income redistribution are a big reason that only 22% of respondents to a recent poll said they thought the expansion would bring real economic benefits to Panama and its population of 3.2 million. Some 64% of Panamanians said they support...
...installation. Since the canal's handover on Dec. 31, 1999, the Panama Canal Authority (ACP) has run it like a business--more efficiently, more safely and more profitably--doubling toll income to an estimated $1.4 billion this year. (The Suez Canal earns $3.5 billion.) That's nearly 10% of GDP. "Before, the canal was just about moving ships," says ACP administrator Alberto Alemán. "Today it's about moving cargo...
...feel Torrijos and the project's backers are "looking through rose-colored glasses," says Fernando Manfredo, the canal's former deputy administrator and a leader of the anti-expansion campaign. Among their fears: increasing Panama's already sizable foreign debt, now more than $10 billion, or about 60% of GDP; other credible estimates indicate the expansion's cost would be closer to $8 billion; and uncertainties, like a possible downturn in Asia's economies, which could deflate the promised benefits. "Our big concern," says Manfredo, "is whether we'll really recuperate what we're going to throw into this...