The basic idea was that if a country would put its economy as an integrated piece of the world system, that it would benefit from that with economic growth. I concur with that basic view.

We need to defend the interests of those whom we've never met and never will.

If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days.

Everybody needs to understand that policies are going to change to make it unprofitable if you wreck the planet, those companies that continue exploring and developing fossil fuel resources for which there is no safe use are going to pay a very heavy cost for that.

I think the IMF helped to detonate the Indonesian crisis.

White House and State Department foreign-policy experts are overwhelmingly directed towards military and diplomatic issues, not development issues.

It's the American leadership that has not played the role it should be playing and that leaders in other countries have been playing.