Quotes of All Topics . Occasions . Authors
Devaluations are never easy.
We are not at war (except with our own demons).
I think the IMF helped to detonate the Indonesian crisis.
It's not so unusual to run out of someone else's currency.
Russia has gone through eight years of continuing economic pain.
The essence of Africa's crisis is fundamentally its extreme poverty.
Let's start fresh with Russia on some real help and some real reform.
The essence of Africa's crises is fundamentally it's extreme poverty.
History is written by the rich, and so the poor get blamed for everything.
We need to defend the interests of those whom we've never met and never will.
Roosevelt talked not only about Freedom from Fear, but also Freedom from Want.
Soil mapping is one of the pillars to the challenge of sustainable development
My concern is not that there are too many sweatshops, but that there are too few.
The world got side-tracked from development issues during the post-9/11 crisis period.
Globalization was a deep trend pushed by technology and right ideas, as much as anything else.
Extreme poverty is the best breeding ground on earth for disease, political instability, and terrorism.
The longer you wait, the less fun. If you wait until the bitter end, the whole economy can be destroyed.
The debts are unaffordable. If they won't cancel the debts I would suggest obstruction; you do it yourselves.
The runs started in Thailand after the IMF intervened in such a dramatic way. Then the IMF came to Indonesia.
Without restoring an ethos of social responsibility, there can be no meaningful and sustained economic recovery.
I believe myself that there's a great deal more interest and engagement among Americans than our politicians recognize.
Let the future say of our generation that we sent forth mighty currents of hope and that we worked together to heal the world.
The defining challenge of the 21st century will be to face the reality that humanity shares a common fate on a crowded planet.
The idea that the UN system could provide real leadership on the great development challenges will strain credulity in some quarters.
It's the American leadership that has not played the role it should be playing and that leaders in other countries have been playing.
At the most basic level, the key to ending extreme poverty is to enable the poorest of the poor to get their foot on the ladder of development.
White House and State Department foreign-policy experts are overwhelmingly directed towards military and diplomatic issues, not development issues.
Deep down, if we really accept that their lives - African lives - are equal to ours, we would all be doing more to put the fire out. Its an uncomfortable truth.
There is no economic imperative that will condemn us to deplete our vital resource base, but neither is there an invisible hand that will prevent us from doing so.
Despite a decade of criticism and budget cuts, the specialised UN agencies have far more expertise and hands-on experience than any other organisations in the world.
The idea that UN commitments should be followed by action is indeed a radical one, especially for the United States, where wilful neglect of its own commitments is the rule.
This is our greatest challenge: learning to live in a crowded and interconnected world that is creating unprecedented pressures on human society and on the physical environment.
In my view, there is an urgent need to communicate with the public and help to explain where there is consensus, and where are there doubts about the issues of sustainable development.
The basic idea was that if a country would put its economy as an integrated piece of the world system, that it would benefit from that with economic growth. I concur with that basic view.
If we did go into a recession, something that's always possible for the U.S. or Europe, we could lower interest rates and expand the money supply without worrying about the price of gold.
America's government is not even aware of the gap between its commitments and action, because almost nobody in authority understands the actions that would be needed to meet the commitments.
There's a lot of strength in the U.S., but there's a lot of froth also. The froth will blow off. We're going to have to face up to some realities that we're not fully facing up to right now.
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.
The aspiration of society is the flourishing of its members, this report gives evidence on how to achieve societal well?being. It's not by money alone, but also by fairness, honesty, trust and good health.
My colleagues and I took a stand in our work several years ago that we would not look for the magic bullet, because there is none. These are just basic problems requiring basic work. Nothing magic about it.
We're going to have to forgive a great deal of the Soviet era debt. There's no question about that. Let's face up to that. We're going to have to put in money if Russia is really going to consolidate a democracy.
In the early 1990s, when a lot of the developing world opened up to international capital flows... they ended up in very good long-term projects, but projects that weren't going to pay off for five or 10 or 20 years.
We, being the Western world, wouldn't let Russia off the hook on debt. So there were demands on debt servicing in the early days until they ran out of reserves. There was no real aid program, just a fictional aid program.
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, some things are not different.
The essence of Africa's crisis is fundamentally its extreme poverty and therefore its inability to mobilize out of its own resources even the barest of minimum resources to address any of the public health crises that Africa faces.
The great leaders of the second world war alliance, Franklin Roosevelt and Winston Churchill, understood the twin sides of destruction and salvation. Their war aims were not only to defeat fascism, but to create a world of shared prosperity.
We've taken the view that if the rest of the world would democratize and create market economies, that would spread the benefits of prosperity around the world, and that it would enhance our own prosperity, and our own stability and security, as well.
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 that everything will just work out abroad aren't really coming to pass.
If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days.
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 would be needed to meet the commitments.