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Twenty years ago this month I left China under less than ideal circumstances: I was one of a handful of reporters expelled during a crackdown on the incipient student democracy movement. After a dozen years of close involvement with China, first as a student, then as a tour guide, and finally as a journalist, I was suddenly cut off from the country, unable to return.
Policymakers and pundits are still scrambling to decipher what the results of the U.S. midterm elections mean for the U.S.’s role in the world. Caught in the middle of this is the question of global trade.
United Nations negotiations on climate change have opened in Nairobi with the focus, according to the BBC, on helping poorer countries adapt. This is the 12th set of U.N. climate talks since the Rio Earth Summit of 1992. A U.N.
The Copenhagen Consensus Project recently asked a group of 24 UN ambassadors and other diplomats to prioritize a list of 40 global development interventions. The US was there. Their interesting report places heath and sanitation on top, with education and hunger somewhat lower. Trade, financial, and environmental policies received lowest priority, due in part to political infeasibility.
Nearly every time there is a news story about the billions of dollars flowing to poor countries as remittances, someone worries that not “enough” of that money is being saved and invested. A case in point is today’s piece in the Washington Post. Latin American workers in the US will send home $45 billion this year, but “only a small portion … has gone to economic development.”