The Struggle for Reform In Globalization’s Back Office

A World Without Walls: Freedom, Development, Free Trade and Global Governance , by Mike Moore. Cambridge University Press, 302 pages, $28.

I was filing a story from the street, blocked in by peaceful protesters, when the pepper spray hit. Sure, the trade ministers standing near me were frustrated and befuddled, but did that Read More

World Bank Props Up Despots With New ‘Corruption’ Loans

Jim Wolfensohn came out swinging when he took over the World Bank in 1995. As a scion of the New York investment banking establishment and consigliere to the high and mighty, he seemed to have a decent shot at reforming the World Bank’s sclerotic bureaucracy. But when he trained his sights on official corruption, promising Read More

Why Throw Good Money at Bad Policy?

When I went to Yogyakarta, Indonesia, I stayed in a homestay (a private home that boarded tourists). One evening, the lady of the house and I talked about the local palace, which had an outbuilding where an unhappy queen had once been made to live. She said the same thing had happened to her own Read More