The Great Debate UK
from Africa News blog:
Far from being all bad news for Africa, the global financial crisis is a chance to break a dependence on development aid that has kept it in poverty, argues Zambian economist Dambisa Moyo, who has just published a new book “Dead Aid”.
Moyo’s book, her first, comes out at a time when Western campaigners, financial institutions and some African governments have been warning of the danger posed to Africa by the crisis and calling for more money from developed countries as a result. The former World Bank and Goldman Sachs economist spoke to Reuters in London.
“I’m not saying its going to be easy, I’m just saying that there is a real opportunity for policymakers to focus on coming up with more innovative ways of financing economic development. In a way the crisis actually provides the African governments with the situation where they cannot rely on aid budgets coming through from the West.”
Moyo believes more than $1 trillion in development aid over the past 50 years has only entrenched Africa’s poverty, distorted economies and fuelled bureaucracy and corruption. She sees alternatives such as encouraging trade - particularly with emerging markets - encouraging foreign direct investment, microfinancing for enterprise and seeking funds from capital markets.
from The Great Debate:
Arms control is back and will thaw icy relations between the United States and Russia this year, but how far the new detente goes depends on the truculent mood in Moscow.
The potential exists for a grand bargain encompassing cooperation on the global financial crisis, Iran, Afghanistan, nuclear disarmament, missile defense, conventional armed forces and NATO enlargement.
President-elect Barack Obama has been getting a lot of advice these days on how to deal with Muslims and Islam. He invited it by saying during his campaign that he either wanted to convene a conference with leaders of Muslim countries or deliver a major speech in a Muslim country "to reboot America’s image around the world and also in the Muslim world in particular”. But where? when? why? how? Early this month, I chimed in with a pitch for a speech in Turkey or Indonesia. Some quite interesting comments have come in since then. (Photo: Obama image in Jakarta, 25 Oct 2008/Dadang Tri)
Two French academics, Islam expert Olivier Roy and political scientist Justin Vaisse argued in a New York Times op-ed piece on Sunday that Obama's premise of trying to reconcile the West and Islam is flawed:
There's been a lot of discussion over the past few months on this and other blogs about Barack Obama and religion. Looking back at it now that the campaign is over and he is starting to shape his administration, it's interesting to see how many of those discussions shed little light on what he would actually do. There were comments about him being a hidden Muslim, for example, or not a real Christian. That speculation seemed based on thin evidence and the assumption he was running for preacher and cleric-in-chief rather than president and commander-in-chief. As a journalist covering religion in public life, after learning whether a candidate professes a certain faith, I want to know how that faith will really influence his or her decisions in office. This is not necessarily the same as listing the soundbite positions used on the campaign trail. (Photo: Barack Obama at the Apostolic Church of God in Chicago, 15 June 2008/John Gress)
Seen from this point of view, probably the most interesting fact about Barack Obama's religious views is one that rarely gets mentioned. It's that he's an admirer of the late American Protestant theologian Reinhold Niebuhr (1892-1971). The President-elect has clearly named "America's leading public theologian" as a major influence on his thinking. It comes out less in specific positions than in the way he looks at problems and discusses policies in terms with a "Niebuhrian" ring about them.
from Pakistan: Now or Never?:
In the immediate aftermath of the Mumbai attacks, India's response has been to look to the United States to lean on Pakistan, which it blames for spawning Islamist militancy across the region, rather than launching any military retaliation of its own. So after U.S. Secretary of State Condoleeza Rice's trip to India and Pakistan last week, have the Americans done enough for now?
According to Pakistan's Dawn newspaper, Rice told Pakistan there was "irrefutable evidence" that elements within the country were involved in the Mumbai attacks. And it quotes unnamed sources as saying that behind-the-scenes she “pushed the Pakistani leaders to take care of the perpetrators, otherwise the U.S. will act”.
from The Great Debate:
With the U.S., Japan and Britain -- nearly 40 percent of the global economy -- facing the threat of deflation, it's going to be just too easy for one, two or all three of them to get the policy response horribly wrong.
The global economy is so connected, and our experience with similar situations so limited that the scope for error is huge.