Last week the World Bank hosted a two-day seminar on “Policies to Promote Export Growth and Diversification,” including a particularly interesting session on export and FDI promotion institutions moderated by guru Andrew Singer. The overarching theme: Be realistic about what these types of institutions can accomplish, and avoid creating big institutions that are just “window-dressing”.
IMF managing director Rodrigo de Rato has proposed that John Lipsky, currently Vice-Chairman of JPMorgan, be appointed as the IMF's first deputy managing director. He would be succeeding Anne Krueger, who retires in August.
de Rato also announced a high-level committee to think about the IMF's financial model and its long-term sustainability. Greenspan and El-Erian are just some of the names on board.
Poor countries and poor communities world-wide will have a disproportionately difficult time preparing and adapting to climatic change given that most of them are already vulnerable to climatic extremes and other natural hazards.
People tend to think of severe weather (floods, droughts, violent storms, or frosts) when they hear about climate change impacts but the implications of these phenomena are only beginning to be appreciated and understood. Although it may seem almost counterintuitive, but slow, persistent, small changes matter just as much to a poor farmer:
Kleiner Perkins Caufield & Byers said Thursday that it will establish a $100,000 annual prize to promote technology or policy innovation in green technology. "This award will encourage innovation in sustainable, green growth," said KPCB partner Brook Byers.
The country could have either of two starkly contrasting futures. One road leads to a market economy under the rule of law, with a civilized political order; the other leads to crony capitalism.