In the Wall Street Journal Mary Anastasia O’Grady, one of the reports' editors, uses the contrasts between Estonia and Chile to claim that:
Tokyo had Godzilla; New York had King Kong. But will Beijing ever be taken seriously as a great world city before it is destroyed by a giant monster?
Imagethief's post is a lot of fun, and we discover that, among others:
Friedman will be at the AEI-Brookings Joint Center on Jan. 9 to discuss 'The Moral Consequences of Economic Growth.' On the menu: the positive connections between growth and morality and recommend policies that could enhance the moral benefits created by rising standards of living. (via GovernanceFocus)
The core problem in foreign aid is to strike a balance between legitimate oversight of how tax dollars are spent and counterproductive overregulation.
This could be the biggest group of major league influencers ever gathered to blog in one online place.
Raghuram Rajan writes on Aid and Growth: The Policy Challenge in Finance and Development. He remains sceptical:
Unfortunately, I'm not sure that even if each micro-intervention works well by itself, they will all work well together. Interventions could affect each other and get in each other's way or vie for the same resources. They could also have adverse spillover effects on the rest of the economy.
The impact of tourism in Africa accounts for more cash moving from rich to poor countries than governments give in aid…tourism constitutes over 10% of total exports in more than half of African countries for which there is data. In countries such as Mali and The Gambia, tiny annual international arrival figures of 70,000 – that’s less than 200 tourists a day – are significant and tourism contributes 10.1% and 30.5% of total exports for these countries respectively.
It was a banner year in 2005 for big speeches from global leaders about fighting third-world poverty. But if any of their promises are going to come close to being kept, 2006 must be a year of action... The world needs no more speeches in 2006 about global poverty. The six million children under 5 who die every year of diseases that can be easily and cheaply treated do not need more lofty goals. Nor do the 40 million young people still unable to go to school, or the 300 million Africans who lack access to clean water.