Coverage of the Singapore meetings continues.
East Asia and Pacific
Likening corruption in some ways to an addictive drug, Paul Volcker urged those in situations where there is pressure to engage in bribery and corruption to “Just say no” – a message that must come from the very top leaders in all sectors.
As the protesters among you certainly know, the IMF-World Bank Group annual meetings are underway in Singapore. Tomorrow, look for the release of the World Development Report: Development and the Next Generation.
If you don't have plans for the next 2 minutes and 42 seconds, please watch this video.
Thanks to the consistently entertaining AfriGadget for pointing me to it.
Jagdish Bhagwati held a Q&A on Daniel Altman's blog on globalization at International Herald Tribune. Altman has an impressive calendar ahead - look for opportunities to ask questions of Joseph Stiglitz and Jeffrey Sachs in coming months. To a question about the proliferation of regional trade agreements at the expense of multilateral improvements, Bhagwati writes:
Chile has half a million female entrepreneurs, a marked increase in just the last 3 years. If current trends continue, as many women as men will be starting new businesses in Chile in 2010. These figures are from the Report on Women and Entrepreneurship in Chile - 2005/2006 (overview in Word), prepared by Universidad del Desarrollo.
Today in Brussels, McDonalds Europe launched a new program that could bring tremendous labor flexibility to its 225,000 European employees. The McPassport (I'm not making this up) makes its easier for employees to move to another of the roughly 6,000 McDonalds locations in Europe. The document contains detailed information on the employee - such as positions held, dates and salary history - although he or she will still go through an interview before hiring.
The New York Times reported last week that the G8 would be discussing advance market commitments for vaccines. The meeting in Rome has come and gone, but I haven't been able to find any evidence that they came up with anything. A shame, as an ounce of prevention may be worth much more than a pound of cure.