-----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Anjana Basu Sent: Wednesday, February 16, 2011 5:08 PM Subject: [TriumphOfContent] The revolution according to the World Bank
The revolution according to the World Bank Rukmini Shrinivasan <http://blogs.timesofindia.indiatimes.com/developmentdialogue/page/authorPro file?page=authorProfile> 14 February 2011, 05:44 PM IST <http://blogs.timesofindia.indiatimes.com/developmentdialogue/entry/the-revo lution-according-to-the-world-bank> <http://blogs.timesofindia.indiatimes.com/developmentdialogue/entry/the-revo lution-according-to-the-world-bank> <http://blogs.timesofindia.indiatimes.com/developmentdialogue/entry/the-revo lution-according-to-the-world-bank> <http://blogs.timesofindia.indiatimes.com/developmentdialogue/entry/the-revo lution-according-to-the-world-bank> <http://blogs.timesofindia.indiatimes.com/developmentdialogue/entry/the-revo lution-according-to-the-world-bank> <http://blogs.timesofindia.indiatimes.com/developmentdialogue/entry/the-revo lution-according-to-the-world-bank> <http://blogs.timesofindia.indiatimes.com/developmentdialogue/entry/the-revo lution-according-to-the-world-bank> 8Share <http://blogs.timesofindia.indiatimes.com/theme/TOI/images/zero.gif> <http://blogs.timesofindia.indiatimes.com/theme/TOI/images/zero.gif> 6 <http://blogs.timesofindia.indiatimes.com/developmentdialogue/entry/the-revo lution-according-to-the-world-bank#comments> <http://blogs.timesofindia.indiatimes.com/developmentdialogue/entry/the-revo lution-according-to-the-world-bank#comments> <http://blogs.timesofindia.indiatimes.com/theme/TOI/images/zero.gif> This is a quick update to my last post, 'Freedom and its Cost' <http://blogs.timesofindia.indiatimes.com/developmentdialogue/entry/freedom- and-its-cost1> , which argued that even though democratization may not prove to be an economically profitable move, that doesn't mean that it isn't desirable, as most of Egypt - and, I suspect, the rest of the world - feels right now. Well, everyone except the World Bank <http://www.worldbank.org/> , from the looks of it. <http://blogs.timesofindia.indiatimes.com/developmentdialogue/resource/big1. jpg> (Source: The New York Times) After noting a complete absence of any reference to Egypt or Tunisia in the Bank's daily 'Development News' section <http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,enableDHL:TRUE~menuPK:3446 1~pagePK:34394~piPK:34520~theSitePK:4607,00.html> on its website, economist and development blogger Bill Easterly plaintively suggested <http://aidwatchers.com/2011/01/please-let-the-world-bank-know-that-somethin g-might-be-happening-in-arab-countries> to his readers late January, "Please let the World Bank know that something might be happening in Arab countries." As I tried to catch up today on news after a break from work, I browsed quickly through Development News. Sure, there are references to Egypt, but they all focus on a common theme: how the events are costing Egypt's economy billions of dollars. "Businesses stay closed amid fears of looting," it said <http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,date:2011-02-01~menuPK:344 61~pagePK:34392~piPK:64256810~theSitePK:4607,00.html> on Feb 1, doing a quick round-up of relevant quotes from financial publications. Meanwhile <http://english.aljazeera.net/news/middleeast/2011/01/201112515334871490.htm l> , Hosni Mubarak announced in a televised address that he would not seek re-election, opposition figure Mohammed ElBaradei joined the protests and a million people gathered at Tahrir Square. On Feb 4, the World Bank noted that <http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,date:2011-02-04~menuPK:344 61~pagePK:34392~piPK:64256810~theSitePK:4607,00.html> "Economic Impact from Egypt Protests Unclear: IMF" even while <http://english.aljazeera.net/news/middleeast/2011/01/201112515334871490.htm l> hundreds of thousands of anti-government protesters gathered in Cairo's Tahrir Square for what they termed the "Day of Departure". "No Work Means No Food for Many Egyptians", it says <http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,date:2011-02-09~menuPK:344 61~pagePK:34392~piPK:64256810~theSitePK:4607,00.html> on Feb 9. On Feb 9 meanwhile <http://english.aljazeera.net/news/middleeast/2011/01/201112515334871490.htm l> , labour unions joined the protests, 34 imprisoned protesters were released, and five people died, pushing the death toll past 300. In its most recent bulletin on Feb 10, the day before Mubarak's historic fall, the protests made it to the one-line 14th item <http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,date:2011-02-10~menuPK:344 61~pagePK:34392~piPK:64256810~theSitePK:4607,00.html> on Development News The Bank has tried in recent years to differentiate itself from the developing world's Public Enemy No 1, the IMF, but choosing to highlight only the concerns of business in the Egyptian revolution do little to help its image http://blogs.timesofindia.indiatimes.com/developmentdialogue/entry/the-revol ution-according-to-the-world-bank __._,_.___ Reply <mailto:[email protected]?subject=Re%3A%20The%20revolution%20according%20to %20the%20World%20Bank> to sender | Reply <mailto:[email protected]?subject=Re%3A%20The%20revolution%20 according%20to%20the%20World%20Bank> to group | Reply <http://groups.yahoo.com/group/TriumphOfContent/post;_ylc=X3oDMTJyczVnNGVmBF 9TAzk3MzU5NzE0BGdycElkAzE3OTM4NjM5BGdycHNwSWQDMTcwNTA2Mzk4NQRtc2dJZAMyMjU5NA RzZWMDZnRyBHNsawNycGx5BHN0aW1lAzEyOTc5MDUwNjI-?act=reply&messageNum=22594> via web post | Start <http://groups.yahoo.com/group/TriumphOfContent/post;_ylc=X3oDMTJmZzA4dDlzBF 9TAzk3MzU5NzE0BGdycElkAzE3OTM4NjM5BGdycHNwSWQDMTcwNTA2Mzk4NQRzZWMDZnRyBHNsaw NudHBjBHN0aW1lAzEyOTc5MDUwNjI-> a New Topic Messages <http://groups.yahoo.com/group/TriumphOfContent/message/22594;_ylc=X3oDMTM3c nVpbXVvBF9TAzk3MzU5NzE0BGdycElkAzE3OTM4NjM5BGdycHNwSWQDMTcwNTA2Mzk4NQRtc2dJZ AMyMjU5NARzZWMDZnRyBHNsawN2dHBjBHN0aW1lAzEyOTc5MDUwNjIEdHBjSWQDMjI1OTQ-> in this topic (1) Recent Activity: Visit <http://groups.yahoo.com/group/TriumphOfContent;_ylc=X3oDMTJmMXNsZ2I2BF9TAzk 3MzU5NzE0BGdycElkAzE3OTM4NjM5BGdycHNwSWQDMTcwNTA2Mzk4NQRzZWMDdnRsBHNsawN2Z2h wBHN0aW1lAzEyOTc5MDUwNjI-> Your Group <http://groups.yahoo.com/;_ylc=X3oDMTJlOGhtZGdhBF9TAzk3NDc2NTkwBGdycElkAzE3O TM4NjM5BGdycHNwSWQDMTcwNTA2Mzk4NQRzZWMDZnRyBHNsawNnZnAEc3RpbWUDMTI5NzkwNTA2M g--> Yahoo! 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