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We are at the start of what promises to be an unusually difficult year in the global economy. Policy decisions in the United States and other rich world countries will matter immensely for poor and vulnerable people living in developing countries.
The U.S. Congress launched a new bipartisan Caucus for Congressional-World Bank Dialogue at a packed event on Capitol Hill July 16. The caucus, co-chaired by Kevin Brady (R-TX) and Betty McCollum (D-MN), provides a forum for members of Congress to engage the World Bank, parliamentarians and policy experts on poverty reduction, global development and trade.
And now for a really bad idea: according to the Financial Times Michel Barnier, France's farm minister, told a food crisis summit in Berne that Africa and Latin America should adopt their own versions of Europe's Common Agricultural Policy -- massive trade-distorting subsidies -- as a response to rising demand for food.
Yesterday President George Bush reported on his recent trip to Africa to members of the diplomatic corps, NGOs, and development policymakers at the Marriott Wardman Park Hotel in Washington, D.C. at an event hosted by the Leon H. Sullivan Foundation. President Bush relayed the details of what he called his "most exciting, exhilarating and uplifting trip" since becoming president and showed slides from his visits to Benin, Tanzania, Rwanda, Ghana and Liberia. He argued Americans should be "mighty proud" of the work the U.S.
*This is a joint post with Steve Radelet
The extraordinary challenges and opportunities of today require a new vision of American global leadership based on the strength of our core values, ideas and ingenuity. They call for an integrated foreign policy that promotes our values, enhances our security, helps create economic and political opportunities for people around the world, and restores America's faltering image abroad. We cannot rely exclusively or even primarily on military might to meet these goals. Instead, we must make greater use of all the tools of statecraft through "smart power," including diplomacy, trade, investment, intelligence, and a strong and effective foreign assistance strategy.
President Bush called last week’s midterm election results “a thumpin’” as the Democrats took control of both the House and the Senate. Since then, Republicans and Democrats have been promising to work in a “bipartisan way for all Americans.” But what does it mean for global development that the Republicans hold the presidency while the Democrats control the House and Senate?