Too bad for Harvard! Too bad for the elite university system in this country -- which appears to be the last bastion of insider resistance to reform. We at CGD note with regret the resignation of Lawrence Summers, a CGD Board member, from the presidency of Harvard University. I and several colleagues here worked closely with Larry at the World Bank and/or at the U.S. Treasury, where he brought inspiration, a commitment to policy dialogue, and eagerness to listen and build on varying views.
CGD Policy Blogs
What a difference a year can make! Davos 2005 had Bono and Sharon Stone among other glitterati talking about global poverty and global health, and featured at least three crowded plenary sessions on Africa, aid, AIDs, malaria and more -- with Tony Blair, Gordon Brown, Bill Gates and Jeffrey Sachs. It was 2005: the year of development announcements and commitments.
In my first dispatch from Davos, I observed that the atmosphere was upbeat. The business community is not worrying much about the dark predictions of the past year. There is, after all, still no collapse of the dollar despite the U.S. trade deficit; interest rates and inflation worldwide are low, and oil price increases are being easily absorbed. India and China are emerging as the new engines of growth and symbols of why market economies work.