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Money is pouring into the Philippines in the wake of the devastation of Typhoon Haiyan (Yolanda). But, to state the blatantly obvious, it’s not just the amount of assistance that matters, it’s how it’s spent. But here’s a question: will anyone actually be able to identify how that assistance is spent?
Once again the G8 has come up tragically short on climate change and a host of urgent problems affecting poor people in developing countries. The good news is that they are at least discussing the right topics. The first Hokkaido G8 document, on the World Economy spills lots of ink on relations between rich and developing economies, including for example, reaffirmation of support for the Extractive Industries Transparency Initiative.
Over the past few weeks, rice consumers in Africa and other developing countries have watched anxiously as world prices have fallen steadily, at least in part due to our insistence that Japan and other countries have stocks that can be released on world markets . It is now clear that the speculative bubble has burst -- the "dynamic" in the market is bearish despite set-backs on individual policy fronts. The pressures on rice prices continue to be downward despite everything governments are doing to keep prices up.
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