I remember looking at the thousands of flimsy shacks and hovels lining Kathmandu's dusty slums and the sturdier, but still precarious, multi-tiered family homes, and the cheaply-built apartment blocks and ornate temples that collectively give the city its colorful distinctive appearance. We all understood and feared what a big earthquake would surely do there.
It is difficult to avoid the conclusion that for the World Bank and other financiers, poor people who stand in the way of their projects literally don't count. Time and again, the World Bank has demonstrated that it is not able to resettle people fairly. It should stop displacing people involuntarily in its projects.
What does the sudden appreciation of the Swiss franc mean for the Eurozone? Will Russia's financial distress spill over to its neighbors? How those questions are answered will affect some of the world's richest countries -- the likes of France, Germany, and Italy. Usually ignored, it will also affect some of the poorest.
Decades ago, private capital flowing into developing countries was a small fraction of aid dollars. Since then, that private capital investment has grown roughly 100-fold and the ratio of aid to investment has flipped. Today, every $1 in aid to developing nations is dwarfed by nearly $7 in private investment.
Regional peace talks have so far been unsuccessful. It is more urgent than ever that the warring parties recommit to the ceasefire declared in January -- and this time, they need to mean it. In South Sudan, political leaders and military commanders should stop the fighting and put their people first.
U.S. jobs, revenue growth, living standards, and prosperity are dependent upon the expansion of markets and demand. While innovation creates its own global markets (especially in advanced nations), the developing countries in South America, the Middle East, Southeast Asia, Indonesia, and Russia offer the greatest trade growth potential.