In the early 1990s, when a lot of the developing world opened up to international capital flows... they ended up in very good long-term projects, but projects that weren't going to pay off for five or 10 or 20 years.

The defining challenge of the 21st century will be to face the reality that humanity shares a common fate on a crowded planet.

The rich do not have to invest enough in the poorest countries to make them rich; they need to invest enough so that these countries can get their foot on the economic ladder . . . Economic development works. It can be successful. It tends to build on itself. But it must get started.

Deep down, if we really accept that their lives - African lives - are equal to ours, we would all be doing more to put the fire out. Its an uncomfortable truth.

Without restoring an ethos of social responsibility, there can be no meaningful and sustained economic recovery.

The runs started in Thailand after the IMF intervened in such a dramatic way. Then the IMF came to Indonesia.

There's a lot of strength in the U.S., but there's a lot of froth also. The froth will blow off. We're going to have to face up to some realities that we're not fully facing up to right now.