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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.
Political stability and sound domestic economic policies are the main ingredients in making development possible, according to William R. Cline, joint fellow of the Center for Global Development and the Institute for International Economics. In a presentation to the Society for International Development on December 12, 2004 Cline suggested three areas the U.S. should focus on in order to increase global development and reduce poverty.