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Friday, November 24, 2006

Links: Stiglitz and Sachs

I'm on the road today. Here are a couple of quick links as I head out the door. This and the two posts that follow will go up later today.  First, Joseph Stiglitz on fighting corruption:

Guard against those who would corrupt fight against corruption, by Joseph Stiglitz, Project Syndicate: At its recent annual meeting, World Bank officials spoke extensively about corruption. ... But the World Bank would do well to keep four things in mind.

First, corruption takes many forms, so a war on corruption has to be fought on many fronts. ...

Second, it’s fine for the World Bank to deliver anticorruption sermons. But policies, procedures and institutions are what matter. ...

Third, the World Bank’s primary responsibility is to fight poverty... [S]eldom will it be the case that the best response is simply to walk away.

Finally, while developing countries must take responsibility for rooting out corruption, there is much that the west can do to help. ...

Indeed, one reason for the so-called “natural resource curse” ... is the prevalence of corruption...

Next, Jeffrey Sachs

A new direction, by Jeffrey Sachs, Project Syndicate: On January 1, 2007, Ban Ki-Moon, South Korea's former foreign minister, will become United Nations secretary general, following Kofi Annan's 10 year tenure. ... With the recent elections in the United States and the rise of Asia's global influence, there is an opportunity to turn the world's attention to the most critical challenges facing our planet.

In addition to the long-term challenges of poverty, the environment, nuclear proliferation, and UN reform, the new secretary general will inherit a long list of hotspots: Iraq, Iran, Afghanistan, Palestine, Lebanon, Somalia, Myanmar, Sudan, North Korea, and others. Recent attempts to influence developments in these countries through threats and sanctions, and sometimes war, have failed. Most are less stable today than they were five years ago. Clearly, a new approach is needed. ...

If the United States works more closely within the UN framework, it will find willing partners in the rising Asian powers, which are intent on using their influence and resources to solve today's challenges. After all, Asian countries are interested in global stability to underpin their own long-term development.

They are acutely aware of their increasing influence around the world, as investors, trading partners, and as contributors to and victims of environmental change. Behind the scenes, the Asian powers can help to defuse the crises in Darfur, North Korea, Myanmar, and elsewhere. And they will be crucial to forging new cooperative approaches to climate change, water scarcity, and the like.

    Posted by on Friday, November 24, 2006 at 03:30 PM in Economics | Permalink  TrackBack (0)  Comments (6)

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