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Last week I gave a speech at the UN General Assembly (UNGA). I was the keynote speaker for a session on the global economy and the Millennium Development Goals. I came away with mixed feelings. On one hand, the inefficiency of the UN can be maddening—the place is badly overdue for a good skewering on The Daily Show.
This week I started leave from CGD for three-plus months, to teach at Williams College. For those of you from the US west coast and outside the United States, Williams is among America’s most selective (and expensive!) small liberal arts colleges. It’s nestled in a tiny town in the Berkshire mountains in western Massachusetts.
One of the biggest experiments in development economics is about to begin on Honduras's Northern Coast. Honduras has altered its constitution to open the way to ceding a large tract of land to build a new "Special Economic Zone", modeled on NYU economist Paul Romer's idea of charter cities -- new cities, built up from scratch, where first-world institutions and third-world immigrants can meet and do business.
On Friday evening, the governors of the European Bank for Reconstruction and Development (EBRD) selected a new president: British civil servant Sir Suma Chakrabarti. The decision is important because the EBRD has recently taken on a major global challenge: assisting the countries of the Arab Spring. It also matters because the selection process raised the bar for open, transparent and merit-based leadership selection at other international institutions, including the World Bank, IMF and the other regional development banks.
News that Fred Bergsten, founding director of the Peterson Institute for International Economics, will step down at the end 2012, after 30 years of service, will unleash many accolades related to his accomplishments in creating what is widely regarded as the leading think tank in the field of international economics.