By William H. Hudnut III
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The area financial institution has made sizeable development in its environmental functionality considering 1987. It has taken with the surroundings as a brand new sector of job, and has sought to mitigate the detrimental environmental results of its improvement interventions. financial institution efforts have produced commendable effects and feature promoted understanding in constructing nation governments of the relationship among the surroundings and improvement.
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Consider that $67 billion was emptied out of the Bank of Kuwait in five min- utes when the threat of an Iraqi invasion appeared on the horizon. The key for today is openness- free trade, free markets, instantaneous communication-shrinking distances. Peter Schwartz, a futurist and chairman of the Global Business Network, and Peter Leyden, features editor at Wired magazine, are worth quoting: The key formula for the coming age is this: Open, good. Closed, bad. Apply it to technology ... business ...
Apply it to technology ... business ... philosophies of life. . If the world takes the closed route ... nations turn inward. The world fragments into isolated blocs. This strengthens traditionalists and leads to rigidity of thought. This stagnates the economy and brings increasing poverty This leads to conflicts and increasing intolerance, which promotes an even more closed society and a more fragmented world. If ... the world adopts the open model, then ... societies turn outward and strive to integrate into 35 CITIES ON THE REBOUND the world.
New development) find themselves giving away more and more by way of incentives to attract business. If all in a region would cease and desist, there would be no losers. All would win, because the increase in the tax base ultimately helps everyone. To take another example, the Dulles transportation corridor in Virginia is experiencing explosive growth as its high-tech industries become firmly rooted. By 2020, the number of households and jobs is anticipated to grow by nearly 140 percent and 125 percent, respectively This could not happen without a long-range transportation plan, because congestion hampers the economic growth of the region.