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The BBC recently featured a story on the flow of skilled Indian emigrants and their offspring returning to India. An Indian official says: "In the 1960s when people left India the buzz word was 'brain-drain'. We see it now as 'brain-gain'."
After the breakdown of WTO Doha Round negotiations this summer, some economists -- including IIE’s Fred Bergsten - are advocating the pursuit of regional or preferential trade agreements (PTAs) to further free trade while the WTO is stalled.
I am pleased to announce the release of the 2006 edition of the Commitment to Development Index. Each year the CDI rates and ranks 21 rich countries on how much their policies help or hurt poorer nations. The CDI assigns scores in seven policy areas (foreign aid, trade, investment, migration, environment, security, and technology), with the average being the overall score.
IMF Managing Director Rodrigo de Rato promised in a speech at the Center this week that the planned increase in voice and representation of developing countries at the IMF would cover the poorest members - most of which are in sub-Saharan Africa - and not just the “emerging market economies”.
I had the good luck to again attend this year's Aspen Ideas Festival last week -- the second annual gathering of what I predict will become a healthy competitor to Davos. As at Davos, most participants pay (though much less and they need not be CEOs), and some are put to work on panels and presentations. The objective is to foment and celebrate ideas - an important difference from Davos, where networking seems to be at a premium.