Paul Wolfowitz

Paul Wolfowitz
Paul Dundes Wolfowitzis a former President of the World Bank, United States Ambassador to Indonesia, U.S. Deputy Secretary of Defense, and former dean of the Paul H. Nitze School of Advanced International Studies at Johns Hopkins University. He is currently a visiting scholar at the American Enterprise Institute, working on issues of international economic development, Africa and public-private partnerships, and chairman of the US-Taiwan Business Council...
NationalityAmerican
ProfessionPublic Servant
Date of Birth22 December 1943
CountryUnited States of America
Corruption is often at the very root of why governments don't work. It weakens the systems and distorts the markets. In the end, governments and citizens will pay a price, in lower incomes, lower investment and more volatile economic swings. But when governments do work - when they tackle corruption and improve their rule of law - they can raise their national incomes by as much as four times.
If you had that kind of pandemic, I don't think there is any question it could happen, the costs both in human life and in disruption of world economic activity would be very high.
As large as these costs are, they are still small compared to just the economic price that the attacks of September 11th inflicted, to say nothing of the terrible loss of human life, ... And even those costs are small in comparison to what future, more terrible terrorist attacks could inflict.
The mission of the World Bank is to reduce poverty and to promote economic development and that's really what I want to stress,
A trade agreement in Hong Kong would provide the spur for investment and economic growth that promises a lasting exit from poverty for millions, even billions, of people in developing countries.
Brazil has made real progress in achieving economic stability by maintaining fiscal control, with benefits for many, including the poor. The government has shown that progress must rest on two pillars - economic discipline and a focus on important social issues.
It should do so in a manner that respects and enhances individual freedoms, as well as the role of markets in allocating resources.
I think that all countries that participate in multilateral institutions see the institutions as a way of advancing what they view as their national interests and they see in many cases multi-lateral institution as the best way to do that.
Some kind of adjustment is necessary, but I think it should be done in a way that it reflects efficient market allocation of energy resources.
It is still a small sum compared with the damage that could be done if we fail to prevent the spread of the disease. International financing will be critical.
If we don't make it at this meeting it's not a time to give up. It's a very promising initiative not only for the poorest as such but for the whole development community.
In recent days, the Syrians have been shipping killers into Iraq to try to kill Americans -- we don't welcome that,
The message is that there is no safe haven for looted funds or corrupt activities.
I'm not sure the oil producers are enjoying real growth. That troubles me. For experience has shown that oil can be more of a curse than a blessing. And not only in Africa.