Development is about transforming the lives of people, not just transforming economies.

If the President asked you to help, I don't think anybody could refuse, unless one felt that one couldn't be effective.

For that to happen, growth has to be very strong. To get back to normalcy, we will have to have extended growth of more than 3 percent. That's not in the cards.

The national debt will have increased by approximately 50% in just eight years! We will have created a new unfunded entitlement - disability and health care benefits for the huge number of disabled veterans returning from the Iraq war.

For instance, one of the costs of the war is that soldiers today get very seriously injured but stay alive, and we can keep them alive but at an enormous price.

The momentum today behind the idea of a new global reserve currency reflects, in effect, the rise of the rest in world politics and economics, led by China.

International lending banks need to focus on areas where private investment doesn't go, such as infrastructure projects, education and poverty relief.