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
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,
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.
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.
The current trading system is one of the biggest obstacles to fighting poverty and improving living standards in developing countries. Trade barriers need to be dismantled.
Sometimes when people are changing, ... they expose themselves in new ways. So we just got to keep the pressure on everywhere we are able to, and we've got to deny the sanctuaries everywhere we are able to, and we've got to put pressure on every government that is giving these people support to get out of that business.
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.
Some of the poorest developing countries lack the resources, for example, to pay farmers adequately to get rid of sick chickens.
That kind of participation in decision-making at the local level greatly helps the development process.