It's The American Leadership That Has Not

The Longer You Wait, The Less Fun. If You Wait Until The Bitter End, The Whole Economy Can Be Destroyed.

In Asia, A Lot Of Successful Economies That Had Been Living On Their Own Saving, Decided To Open Up Their Financial Markets To International Capital In The Early 1990s. So Here Were Countries Doing Quite Well, But They Decided To Borrow A Bit More And Do Even Better.

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.

It's Not An Accident That The U.s. Ranks Lowest Of All Major Donor Countries In The World - That Is The Share Of Our Income That Goes To Development Aid. Americans Will Ask Whether, Because Were So Generous Privately, That Makes Up The Difference. But It Doesn't. We Still Rank Far Below Other Countries.

In My View, There Is An Urgent Need To Communicate With The Public And Help To Explain Where There Is Consensus, And Where Are There Doubts About The Issues Of Sustainable Development.