The 4-speed world by James Wolfensohn
The former World Bank president calls for an increase of poverty eradication efforts to countries in Latin America and the Middle East, which, despite housing a fifth of the world's population, are "not poor enough" nor "sufficiently large and fast-growing" to sustain the attention of G-8 leaders.
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What about Asia? Don't the World Bank have any plans to eradicate poverty in those regions aside from lending us some bigger loans from the IMF?
Posted by: chicago auto insurance | Jun 5, 2007 11:41:41 AM
It is a good article on the re-classification of countries. Global competitiveness groups the countries in to three categories. Wolfensohn adds one more category.
As rightly pointed out by the former president, it is necessary to have a strategy for these countries with different levels of growth rate.
Some countries like India / China are moving from poverty alleviation focus to the focus on the quality of life.
One may consider to use such countries for redeployment to Africa. For example, While China expertise (not the commie one but the planning)may be utilised in the infrastructure development, Indian experience in the Green revolution may be used for the agricultural development, In India we have a old co-operative system which is of the mixed economy mode which acts as a mechanism for agricultural:
1. Lending
2. Marketing (sourcing and selling egg, Milk etc: building a supply chain)
3. Canalisation of subsidies
4. Management of food for work programmes.
In this context the Jefry Sachs African green revolution programme might be in context.
Well these might not be without the risks of importing their respective corruption mechanisms.
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jamespdaniel@gmail.com
Posted by: Dr James Daniel Paul | Jun 6, 2007 3:45:44 AM