Epstein Secrets

ers into their own hands. Raghuram Rajan is a professor of finance at the University of Chicago's Booth School of Business. He previously served as the International Monetary Fund's youngest-ever chief economist, and was Chairman of India's Committee on Financial Sector Reforms. He is the author of Fault Lines: How Hidden Fract

tical and economic support. And the search for water is already one of the driving forces of the wave of deals by some major emerging economies and Arab Gulf states to secure land for agricultural production overseas. Meanwhile, new producers are seeking to restrict the market in key resources in order

ries especially in Egypt and Algeria, while none of the Gulf countries reportedly shares the same problem. Moreover, according to estimates from the International Monetary Fund's World Economic Outlook (IMF 2002), average unemployment rates across the Mediterranean countries exceed those of the Gulf countries. However, trends

i GDP per capita (PPPd US 5) Human Develo pment Index° (%) Life Expectancyb (years) Literacy Rateb (%) Combined enrolment ratio' (%) Arab Gulf countries High income United Arab Emirates 0.816 74.4 76.7 67 2.9 20.530 Qatar 0.6 19,844 0.826 71.8 81.7 81 Kuwait 2.4 18,700 0.8

e of the restrictive terms. Borrowing from international organizations may not come easy either. For the past six months, Egypt has negotiated with the International Monetary Fund for a $3.2 billion loan without being able to close the deal. Lack of internal political consensus over the loan (a condition set by the IMF) is sa

te debt. Desperate for cash, the government issued "diaspora bonds" last March in an attempt to tap into the savings of the Egyptian expats in the Arab Gulf region. Though no official figures have been released, proceeds from the sales so far seem to fall very short of the $2 billion the government had