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How best to spend $60 billion?

In this weekend’s Washington Post Bill Easterly generously offered Bill Gates some financial advice on how to spend his Foundation’s money. To highlight one:

Money plus technology is 5 percent of the solution; the other 95 percent is delivery and implementation. By all means, invest in developing those new vaccines. But more imagination is desperately needed in creating incentives for the delivery of such products to the poor.

The global corporation

Michael Jarvis's picture

Are we moving beyond the multinational corporation towards the truly global corporation? Samuel Palmisano, chief executive of IBM, makes this case in an article in the latest edition of Foreign Affairs. Mr. Palmisano sees a globalized 21st century where we need to abandon antiquated thinking on multinationals and embrace the emergence of “the globally integrated enterprise” that develops strategy, management and operations to integrate production worldwide.

What do markets offer government?

What do markets offer governments? Profits, after all, are not the goal of public policy. But markets are not just about money. A well-designed competitive market puts resources into the hands of those who can use them best. This is why markets can sometimes be useful to the public sector. Markets cannot supersede the governments, but in some areas they can help the government do their job.

And what can markets do for poverty?

Indonesia’s defense minister is blogging

I was shocked to find out through Shel Israel that Indonesia’s Minister of Defense, Juwono Sudarsono, is blogging*. His latest post discusses the challenge of governance:

Zulu warriors fight AIDS

Communicating with HIV patients in rural Africa is challenging, particularly in areas of high illiteracy. Even more difficult: most HIV-related terminology is in English. So one international healthcare provider got creative, recasting CD4 cells as Zulu warriors and antiretroviral drugs as traditional weapons:

Entrepreneurial capitalism and democracy?

More than the export of democracy, it is the export of entrepreneurial capitalism that can produce a new birth of peace and freedom around our globe. Entrepreneurial capitalism is based on individual invention, and because wealth comes from one's own initiative, it advances human dignity.

Donor competition reduces development?

When aid projects proliferate, donors often seek better oversight through smaller projects. While this may improve administration, it burdens recipient governments with reporting requirements and donor visits.