Caribbean competitors, many of whom are only just beginning to end Cable & Wireless' monopoly on long-distance services.

The article's author, Canute James, notes that long-distance costs have dropped by almost two-thirds since deregulation and the Island enjoys increased capacity to the rest of the world.

According to Telecommunications Minister Renee Webb, Bermuda has enough bandwidth to carry more than 15 million voice and data connections.

Mr. James also notes the benefits international business has reaped from the rate reductions, even though they were sought for the gain of the Island's residents.

He wrote: "The international business sector has credited the Island's administrators with `foresight' in creating the infrastructure that is now attracting new e-business players and allowing existing companies to go into e-business.'' However, the article fails to mention Bermuda's high Internet costs that have for the most part remained stagnant, despite the reduction in telephone costs.

Internet access in Bermuda is among the most expensive in the world.

Science Surrounded by articles addressing Bermuda's economic and political scene, Richard Lapper writes about activities at the Bermuda Biological Station for Research in this year's survey.

"Research on global warming and marine biology is among the most advanced in the world,'' Mr. Lapper writes. "And the vibrancy of (BBSR) has made it possible to attract some of the most talented scientists in these fields.'' According to the article, research has expanded in the areas of oceanography, molecular and marine biology and risk prevention.

The centre is also engaged in research on Bermuda's coral reefs, which the article noted were in excellent condition compared to other countries'. Other projects include research for enzyme-based industrial cleaners, funded by partnerships with pharmaceutical and other companies.

BUSINESS BUC