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EconNews Online is South-Western College Publishing's service to provide summaries of the latest economics news stories. Review the brief summaries and, for stories of interest, select the full summary.
DEVELOPING AND TRANSITIONAL ECONOMIES
Title  Brief Summary 
Chinese Success, Fast Growth - Slow Inflation
Full Summary
The Chinese economy continues to grow at neck break speed. In the last 30 years, no major country in the world has experienced economic growth like China and no other country has been able to sustain such growth year after year.
(Updated February, 2007)
Give Us Your Goods from the Poor and Huddled Masses…
Full Summary
The World Trade Organization (WTO) is negotiating a deal that would eliminate almost all trade barriers that rich nations impose on the exports of the world's 50 poorest nations. Currently, tariffs on these poor nations' exports keep their goods from being competitive on the world market.
(Updated March, 2006)
Vietnam: The Next Hot Spot For Outsourcing
Full Summary
Since outsourcing has become the prevailing strategy for lowering manufacturing and service costs, some firms have discovered Vietnam. The country is pushing to provide a boost to its economy by attracting foreign firms. The Vietnamese government is providing computer training to people across the nation to improve its ability to attract new business.
(Updated November, 2004)
Exporting Inflation
Full Summary
Economists all over the world worry and warn about continuous deflation and how such sustained across-the-board price decreases can affect their economies. The Hong Kong economy provides a case in point of the disastrous consequences that years of falling prices can create. The good news is that Hong Kong appears to have returned to a period of rising prices because of the Hong Kong economy's link to mainland China.
(Updated October 2004)
China's Continued Development Toward Capitalism
Full Summary
Chinese economic growth has moved at a torrid pace since the Chinese government began moving its economy towards market capitalism. The Chinese economy grew at a 9.6 percent pace from April through June, somewhat slower than many expected, indicting that the economy may finally be cooling down.
(Updated September 2004)
Iraq's Economy Slow to Grow
Full Summary
Six months after the Bush Administration ended major military actions in Iraq, the economy has stagnated, and Iraq's economy may have shrunk. The regime of Saddam Hussein built a huge military infrastructure while basically neglecting civilian investment. Today's Iraq lacks the prerequisites to private investment that would greatly aid in the development of a sound economy.
(Updated January 4, 2004)
Grading the IMF and World Bank
Full Summary
In spite of staunch political backing by the richer nations of the world, a vast amount of resources both in terms of intellect and dollars, the IMF and the World Bank have come under increasing criticism. Responding to their critics, both institutions have been undertaking reforms.
(Updated May 1, 2002)
Banking on Big Trouble in China
Full Summary
China's entry into the World Trade Organization is providing additional motivation for that country to develop a modern banking system. Unless China modernizes its banking system, domestic production and banking services could substantially diminish, reducing China's economic grow.
(Updated February 13, 2002)
Investing in China
Full Summary
China's leaders have made economic development in the western provinces a priority and they are trying to convince the Hong Kong business barons to invest there.
(Updated July 1, 2001)
Is Relief the Right Response?
Full Summary 
Are debt repayments one of the major impediments to economic growth for the world's poorest countries? Many believe this to be the case and have been protesting outside the offices of the World Bank.
(Updated June 1, 2001)
Bad Czech Banks
Full Summary 
The Czech Republic's transition from a communist to a capitalist system has not been without problems. After about $8.6 billion in bad bank loans, Czech banks were purchased by foreign banks or dissolved and the Czech Republic was forced to create Konsolidacni Banka to handle the bad debts accumulated in those first years of capitalism.
(Updated February 1, 2001)
Which Way to Boom?
Full Summary 
After 10 years of ethnic fighting, war, mismanagement and political chaos, Yugoslavia's economy is in shambles and poverty and misery have replaced what was once a comfortable living for many of the country's inhabitants.
(Updated December 1, 2000)
Non-breakable China
Full Summary 
When the Asian financial crisis spread, many economists speculated that China would be on the list, especially considering the state of the Chinese banking system. But the growth rate in China increased, suggesting that China's chief economic planner has managed to avoid the malady that plagued the rest of Southeast Asia.
(Updated May 1, 2000)
How Do Some Spell Relief? Lower Debt
Full Summary 
Many Third World countries have borrowed so heavily in the past that repayment consumes most of their budgets. Proponents of debt relief for these countries argue that if funds now directed toward repayments were used for improving schools, health care or basic sanitation, then the countries would have a chance at economic development.
(Updated May 1, 2000)
Venturing into Latin America
Full Summary 
Developing countries have had difficulty attracting foreign investment, but that may change. Venture capitalist firms, which typically look for opportunities in places like Silicon Valley, have started searching Latin America for investment opportunities.
(Updated February 1, 2000)
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