The theory of hole superconductivity explains high temperature superconduct
ivity in cuprates as driven by pairing of hole carriers in oxygen p pi orbi
tals in the highly negatively charged Cu-O planes. The pairing mechanism is
hole undressing and is Coulomb-interaction driven. We propose that the pla
nes of B atoms in MgB2 are akin to the Cu-O planes without Cu, and that the
recently observed high temperature superconductivity in MgB2 arises simila
rly from undressing of hole carriers in the planar boron px,y orbitals in t
he negatively charged B- planes. Doping MgB2 with electrons and with holes
should mirror the behavior of underdoped and overdoped high T-c cuprates, r
espectively. We discuss possible ways to achieve higher transition temperat
ures in boron compounds based on this theory. (C) 2001 Elsevier Science B.V
. All rights reserved.