Bipartisanship made a reappearance in a most unlikely place last Wednesday – at the podium of the United Nations. In his address to the United National Millennium Development Goals Summit, President Obama unveiled his “new” approach to development, emphasizing a focus on results, investing in countries committed to their own development through sound governance and democracy, tapping the forces of the economic growth through entrepreneurship and trade, and the need for mutual accountability between developed and developing countries. In doing so, he followed precisely in the footsteps of
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Plenty in the blogosphere today (here and here) about the opening of the UN summit on the Millennium Development Goals. With just five years to go, there is a lot of worrying about which countries can make it. Of course it’s probably too late to do much at this stage, no matter how much new money is spent.
This is a joint post with Kaci Farrell.
Later this month, world leaders will meet at the UN in New York City to discuss accomplishments and challenges to meeting the Millennium Development Goals (MDGs) by the 2015 target. While their discussions will cover a range of topics and strategies, summit participants should remember the importance of trade as a development tool.
Trade preference programs can encourage investment, promote prosperity and ultimately reduce poverty in the world’s least developed countries.