If you have billions and billions of dollars coming due in a country in a short period of time, and if a sense of panic develops among your creditors, so that everybody demands the money...

Development can really work everywhere. But most of sub-Saharan Africa, the Andean region, and Central Asia face obstacles.

In 1991, a miraculous thing happened, and that’s the Soviet Union ended. So there was an opportunity to build a very healthy and new world, on the basis of the change that the Russian people...

Senior development specialists in the Treasury can be counted on one hand. America’s government is not even aware of the gap between its commitments and action, because almost nobody in authority understands the actions that...

When is the last time anybody heard Vice President Dick Cheney even feign a word of concern for the world’s poor?

We’ve waited 20 years, until we have 36 million infected in the world, before we’ve started to do something, … It’s shocking how we’ve let this go on. And costs of intervening today are vastly...

We were proposing, in a sense, that the rest of the world be made safe for American ideas, as they adopted intellectual property rights that gave patent protection to our very innovative economy.

No serious work whatever is under way within the government to link annual budgetary allocations with the international development goals the United States has endorsed. For example, the Bush administration has failed to produce even...

The essential truth for developing countries is, if you try to live by yourself, you will cut yourself off from the amazing progress of world technology. You won’t be able to purchase the goods that...

If we continue this combination of high rhetoric and grossly insufficient action, I think the risks to (the United States ‘) own national security … and the risk to global stability are very real.

Unfortunately, the real focus in this country has not been on the rest of the world. It’s been on our own issues and our own problems. Fair enough. But it means that our simple hopes...

It’s time for other candidates to come forward that have experience in development.

In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite...

We had a booming stock market in 1929 and then went into the world’s greatest depression. We have a booming stock market in 1999. Will the bubble somehow burst, and then we enter depression? Well,...

The broader issue of the real role of the U.S., the foreign assistance aspect of that, who’s going to pay for the security of a global economy?

The volatility of international capital is obviously destabilizing markets today.