The search for financial stability, through regulatory or macroeconomic policy, is just beginning. Should developing countries wait for new global standards to emerge, or tailor their own regulatory strategies?
The international development community needs to find new ways to support leaders in Africa to do the right thing. No leader deserves a blank check, but it is not enough for us to just say that Africa needs more Mandelas and fewer Mobutus.
The true issue here is not whether for-profits play an important role -- it should be clear that they do -- but rather how to encourage the right kind of for-profits to address the social needs of the poor.
Earlier this month, Forbes magazine released its list of the most powerful people on the planet. At the top was Chinese leader Hu Jintao; his countryman Justin Yifu Lin is chief economist of the World Bank.