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Everyone says August in Washington, D.C. is quiet. That is of course, unless you are planning to attend the presidential conventions and from what I can tell, just about everyone is sending someone to the conventions. And this time around, CGD is going to both of them.
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.
A report in the Financial Times by John Thornhill leads with a remarkable quote from French President Nicolas Sarkozy warning the EU that he would block a proposed World Trade Organization (WTO) agreement on agriculture that would reduce European production incentives:
The Forbes Billionaire list published yesterday is a powerful sign of how fast the world is changing, in two worrying respects: growing inequality in the world, and the failure of the international financial institutions to adjust to the increased economic importance of emerging market economies. According to Forbes:
One very good thing that can be said about Robert Zoellick's maiden speech as World Bank president today is that it was much better than the advance account in yesterday's Wall Street Journal (subscription required) would have led listeners to expect.
Yesterday the New York Times profiled Lant Pritchett and sketched his proposal to create 16 million guest-worker jobs in rich countries for people from poor countries. His goal is to help people from very poor places make their lives better.