Reducing instability of countries due to foreign investment
The role of the private sector in globalization is illustrated by the fact that, in 1996, foreign exchange trading by the big investors amounted to some US$350 million million (Martens and Paul 1998), more than ten times the world's GDP of about US$30 million million (World Bank 1998). Total revenue of the top 500 companies was about US$11 million million, 50 per cent each for industry and services (Fortune 1998). Private foreign investment, concentrated in a limited number of developing countries, was about US$250 000 million, compared to overseas development assistance (ODA) of less than US$50 000 million.
The Encyclopedia of World Problems and Human Potential is a collaboration between UIA and Mankind 2000, started in 1972. It is the result of an ambitious effort to collect and present information on the problems with which humanity is confronted, as well as the challenges such problems pose to concept formation, values and development strategies. Problems included are those identified in international periodicals but especially in the documents of some 60,000 international non-profit organizations, profiled in the Yearbook of International Organizations.
The Encyclopedia includes problems which such groups choose to perceive and act upon, whether or not their existence is denied by others claiming greater expertise. Indeed such claims and counter-claims figure in many of the problem descriptions in order to reflect the often paralyzing dynamics of international debate. In the light of the interdependence demonstrated among world problems in every sector, emphasis is placed on the need for approaches which are sufficiently complex to encompass the factions, conflicts and rival worldviews that undermine collective initiative towards a promising future.
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