For starters, consider the fact that the degree of market failure varies from region to region: the difference between the price of water and its true marginal cost must be higher in dry places than wet ones.

FORBES: Toilet Training

It is the largest country in Eastern Europe outside Russia, and its success or failure affects the whole region.

ECONOMIST: Ukraine, Belarus and Moldova

Experian said the percentage of insolvencies in Scotland was the lowest failure rate of any UK region and continued the steady downward trend the country experienced throughout 2012.

BBC: Closing down sale

The failure of Asia's domestic regulators to strike such a balance is the chief cause of the region's problems.

ECONOMIST: Kill or cure? | The

The report reveals that most of those children who have dropped out of school early in the region have experienced several years of schooling in which they have accumulated various forms of educational failure.

UNESCO: MEDIA SERVICES