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COUNTRIES IN TRANSITION

When transition pirates become 'great achievers'

tamaraplakalo's picture

Should the transition nouveau riche , who acquired their wealth almost overnight in the murky waters of marketisation, be unconditionally admitted to the ranks of great achievers?  

Only five people on Forbes's list of the world's richest individuals beat Oleg Deripaska, the 39 year old Russian oligarch, who recently raided his US$30 billion kitty to acquire a 5 per cent stake in General Motors. That despite the fact that he can't enter the United States due to the suspicious origin of his wealth.

For the record and just in case you wondered, Roman Abramovich, best known to Western audiences as the owner of the English Premier League football club Chelsea, is no longer the richest Eastern European. His ‘paltry' US$22 billion, the lack of love from the Putin regime, and a US$300 million divorce, have cost him the not-so-coveted position at the top of the Wprost list of the 100 richest Eastern Europeans (50 of whom are billionaires). Most of them have been accused of getting rich by privatising the national resources of their respective countries of origin. All of them are on the Forbes global billionaires list.

Globally (dis)connected

tamaraplakalo's picture

 Digital divide is only one problem we're facing in realising the promises of a unified, Internet-enabled virtual future ...

SARAJEVO - I had an interesting conversation with my boss the other day. As I am currently stationed in Sarajevo, the capital of Bosnia and Herzegovina, a place where democratisation and transition experiments are mixing with the post-war recovery, he wanted to know if there are any interesting Internet-related projects happening here. He assumed that here, like everywhere else on the planet, social and economic activities are gravitating towards the virtual space.

Digital divide notwithstanding, it was an interesting idea to assume that in a country struggling to rebuild basic infrastructure, where the 20 cent difference in the price of bread has serious social consequences requiring state intervention, and the population is begging the international community (this is their mess!) to remove its democratically elected politicians for their lack of sense and a refusal to agree on anything of consequence, one would expect a vibrant debate about a (more) virtual future.