I think in part the reason is that seeing an economy that is, in many ways, quite different from the one grows up in, helps crystallize issues: in one's own environment, one takes too much for granted, without asking why things are the way they are.

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

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.

I went to public schools, and while Gary was, like most American cities, racially segregated, it was at least socially integrated - a cross section of children from families of all walks of life.

Most people think the Iraq war has increased the probability of an attack. However, it's difficult to put this aspect into financial terms.

I think that for the developing world there are many versions of capitalism, and countries have to choose one that's appropriate.

Not everybody is qualified to go to Stanford, but everybody should have access to the best qualify for which they are eligible.