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On the state of Governance and the governance of States around the World: what will the WGI scorecard tell us?

Thursday, September 23rd, 2010

In past writings we have emphasized the neglected link between good governance by wealthy and developing countries and the attainment of the Millennium Development Goals (MDGs).  Lately such link is getting a bit more attention in the media, as it is being emphasized by stars like U2’s Bono and his own NGO, named ONE.  Of course, […]

Casting Light on the MDGs through better Governance and Less Corruption

Saturday, September 18th, 2010

The lofty events of the 2010 United Nations Summit on the Millennium Development Goals (MDGs) are already underway in New York.  A gala is taking place tomorrow evening, Sunday the 19th of September, at the luxurious Waldorf Astoria for the rich and famous to celebrate the MDG achievements and give awards in a celebrity-laden event.  One […]

Wall Street Financial Reform: Less than meets the eye on Financial Institutions, More than meets the eye on Oil Companies

Friday, July 16th, 2010

The 2,500 page long Dodd-Frank Financial Regulatory Reform Bill has passed through the United States Senate. The bill will now be signed into law by President Barack Obama.  It signals a halt to the deregulatory process that the U.S. financial system has experienced for almost fifteen years.  The bill promises to strengthen consumer protection. In principle, […]

Blowing the Vuvuzela on FIFA: Governance Reforms for Development

Friday, July 9th, 2010

Sixty-two games have been played at the 2010 World Cup, which has been marvelously hosted by South Africa.  Only two games remain; one tomorrow for third place, and then Sunday’s much awaited World Cup Final between Spain and the Netherlands.  In a couple of days, we will have a brand new world soccer champion.  But […]

Millennium Development Goals (MDGs) will not be met unless governance improves

Friday, May 14th, 2010

  In 2000, the international community agreed on eight Millennium Development Goals (MDGs).  Among others, countries pledged to halve extreme poverty, achieve universal education, halt the spread of HIV/AIDS and reduce child and maternal mortality rates by 2015.  Ahead of the UN’s upcoming September 2010 Summit on the MDGs, countries and aid donors have begun […]

Corruption and Fiscal Deficits in Rich Countries

Tuesday, April 20th, 2010

Some of my research tends to challenge orthodoxy, such as taking issue with the claim that the developing ‘world’ is the corrupt one (contrasting wealthy nations); that corruption is largely about blatant bribery, and that  corruption and macro-economic stability should be viewed separately from each other by different types of ‘experts’.  I am committing the heresy of focusing on the link between corruption […]

Wall Street Reform and Beyond

Friday, April 16th, 2010

For years I have been arguing that regulatory and state capture is a major challenge in many countries, including in the US.  I wrote papers, presented analysis and evidence, even argued the case to top executives at the World Economic Forum long ago.  Yet I had limited success, other than getting some articles published in […]

What Happens in Cancun Shouldn’t Stay in Cancun: Toward Transparency at the Inter-American Development Bank

Friday, March 19th, 2010

  This weekend the Inter-American Development Bank (IaDB*) will hold its annual meetings in the popular Mexican resort city of Cancun. Much of the focus will be on the capital increase for the Bank, which made an original request for an increase that topped US$ 180 billion. Subsequent estimates of what the main shareholders may […]

National Disasters Today Provide Governance Lessons

Monday, March 1st, 2010

Let us consider three countries: Country 1: Its approach to industrialization has relied heavily on a very large public sector that accounts for well over 40 percent of GDP, and on aid financing from richer countries. The country has no fiscal discipline, running a deficit exceeding 13 percent of GDP. Rather, leaders have focused more […]

Chile ingresando a la OCDE: como ir al Mundial de Futbol?

Tuesday, December 15th, 2009

  Es ya oficial ahora: Chile entrará a la OCDE, y pronto.   Un gran reconocimiento y logro.   Según la BBC, Chile festeja como un Mundial, ya que Andrés Velasco dice en París:  “Es como clasificar para el Mundial, donde están los 32 mejores equipos. Aquí en la OCDE son 30 y con Chile vamos a ser […]

G-20 Global Governance: better than their National Governance?

Sunday, October 11th, 2009

I posted this entry after the Pittsburgh G-20 Summit in the newly unveiled blog at Brookings, where I work.  The G-20 had just finished their third meeting, and there was a lot of buzz surrounding the demise of the G8 and it being replaced by the broader G-20.  Accolades were also given to this Pittsburgh […]

Rashomon and Hillary Clinton in Nairobi: Account of Crime Differs

Wednesday, August 5th, 2009

Rashomon was a path-breaking movie made by the brilliant director Akira Kurosawa in 1950.  Set in medieval Japan, it tells the tale of a crime, as seen by four different witnesses, including the crime perpetrator and victims as well.   Each witness account is totally different from the other.  The message that there is no superior […]

Financial Crisis, Africa’s Permanent Damage, and Aid Effectiveness

Wednesday, June 10th, 2009

Aid is dead:  it is worse than merely useless, since it abets and perpetuates mis-governance and dependency by Africa.  No, to the contrary, massive additional infusions of aid are crucial for all of Africa.  This massive transfer of aid to governments in Africa is particularly urgent right now, in the midst of the financial crisis, […]

V Summit of the Americas Concludes with ‘Winners’ and ‘Losers’

Monday, April 20th, 2009

The 5th Summit of the Americas has just ended, attended by 34 heads of states who spent a number of days in Trinidad and Tobago.  Their teams had also spent a couple of years preparing the ‘Declaration’ for this Summit. In the event, such ‘Declaration’ was not approved or signed by all the Heads of […]

Obama and the Summit of the Americas: One Eye Wide Open, Another Shut

Thursday, April 16th, 2009

President Obama has just written an op-ed for over a dozen newspapers throughout the Americas, in the eve of the Fifth Summit of the Americas that is about to take place in Trinidad & Tobago.  This is significant.  I care deeply about the Latin America and the rest of hemisphere, and wanted to write about the […]

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