The Babe Theory Of Political Movements.
Mar. 21, 2005 11:50 AM
Iran's Sham Election In Houston.
June 20, 2005 5:36 AM
Yes, Kanye, Bush Does Care.
Oct. 31, 2005 12:41 AM
Health Care vs. Wealth Care.
Nov. 23, 2005 3:28 PM
Americans Voting With Their Feet.
Nov. 30, 2005 1:33 PM
Idea Majorities Matter.
May 12, 2006 6:15 PM
Twilight Zone Economics.
Oct. 17, 2006 12:30 AM
The "Shrinking" Middle Class.
Dec. 13, 2006 1:01 PM
From Ashes, GOP Opportunities.
Dec. 18, 2006 6:37 PM
Battle Between Entitlements & Pork.
Dec. 21, 2006 12:31 PM
Let Economic Freedom Reign.
Dec. 22, 2006 10:22 PM
Biggest Health Care Moment In Decades.
July 25, 2007 4:32 PM
Unions Antithetical to Liberty.
May 28, 2008 11:12 PM
Right To Work States Rock.
June 9, 2008 12:25 PM
Social Security Reform Thursday.
March 13, 2008
Caption Contest: Enter Today!
Due: July 29, 2008
The Carnival Of Classiness.
Mar. 14, 2006
Quotational Therapy: Obama.
Apr. 4, 2008
Mainstream Melee: Wolfowitz.
May 19, 2007
Pundit Roundtable: Leaks.
July 9, 2006
A WILLisms.com(ic), by Ken McCracken
July 14, 2006
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Mentoring Paul Wolfowitz.
Paul Wolfowitz, earlier this week, assumed his role as head of the World Bank, pledging to fight poverty in Africa, among other things.
Although some activists remain hostile, development experts and non-governmental organisations who have met him over past weeks say they have been reassured by their early encounters with the urbane Mr Wolfowitz.
Foreign Policy magazine offers an array of advice for Wolfowitz from five experts on international development, some thoughts better than others.
Put Growth Ahead of Aid:
Seven years of growth at 5 percent in India reduced national poverty by 6 percent. During the same time period, 6 percent economic growth in Vietnam reduced national poverty by 7 percent; 8 percent growth in China reduced national poverty by 8 percent.
As an international organization charged with fighting poverty, the World Bank should devote meaningful resources to fund randomized evaluations, ideally in conjunction with other private, public, and international donors, and create an “innovation fund” devoted to such evaluations.
A little vague, but decent advice.
Typically, poor people have no property and, hence, no collateral. Without collateral, they have no means to secure a loan. So the entrepreneurial ability and ambition of poor people is blocked by their lack of access to credit. Microfinancing unleashes that entrepreneurial ambition by offering small loans—normally in the hundreds of dollars—as start-up capital at normal interest rates. The global repayment rate for microfinance loans is about 98 percent. These loans allow families to get out of poverty, send children to school, and finance healthcare costs. They also help poor people garner the resources necessary to defend their freedom and democratic rights.
LOVE the microloans.
The developing world would be better served if the bank linked its overall volume of lending—subject to broad, prespecified criteria—to spending on critical institutions, such as basic education, basic health, and nondiscriminatory legal frameworks. In this way, the bank would fund the very things that drive growth, be it infrastructure or higher education.
You mean, actually mandate that aid dollars go toward the ultimate goal of self-sustainability? Groundbreaking.
To develop an integrated, unique, viable, and sustainable mission—and to correspondingly align the brand and internal culture—is Wolfowitz’s biggest challenge at a time when the mission is in dispute, the brand is in doubt, and the culture is amorphous.
Some decent advice, all around.
More advice for Wolfowitz:
With all of its good intentions, the World Bank has failed to achieve its goal of ending poverty and, in some cases, has left recipient countries poorer than when lending started decades ago. Paul Wolfowitz, the new president of the World Bank, has an opportunity to change this disappointing record and turn the World Bank into a more transparent, more accountable, and more effective organization.
Posted by Will Franklin · 3 June 2005 10:54 PM
Wolfowitz. That name sort of makes one feel like howling!
Posted by: Zsa Zsa at June 4, 2005 08:16 PM
I like the the demonstrators signs.
Posted by: Tara at June 4, 2005 09:28 PM