Designing new international organizations: a note on the structure and operation of the global environment facility

Article Abstract:

The concerted efforts of the United Nations and the World Bank to encourage a more sustainable global economic development have resulted in the establishment of the Global Environment Facility (GEF). This new experimental international organization is a $1.2 billion collaborative funding mechanism that is intended to enable Third World nations to participate in the preservation of the global environment. The challenge for the GEF is to transform itself into an organization that is acceptable to both the developed and the developing countries.

Analysis, International economic relations, Powers and duties, Global Environment Facility

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The 'new South.'

Article Abstract:

The 21st century will witness conflict based on the economic and population growth of developing nations and the attendant environmental strains that will require all nations to cooperate. Thus far the record is discouraging, with only a few societies showing the needed social discipline and capacity for cooperative mgmt. However, this challenge may lead to widespread recognition of the role so-called spiritual values such as mutual respect and caring for one another can play in the real social space.

Developing countries, Environmental policy

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The new South Africa's economic prospects

Article Abstract:

The new government of South Africa has decided to follow a liberal economy. The aim is toward an investor friendly economic package that shall stimulate foreign exchange for the country. According to reports, the GDP for the year 1993 increased by 1.5% but it is also estimated that the inflation rate is 10%. This may prevent the standardization of the country's economy as it is indebted to international bodies for $3.8bn.

Economic aspects, South Africa, Economic development

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