Hills Program on Governance - Related In the News

Strict sanctions urged to fight party graft.

Mon, 21 Jul 2008 00:00:00 -0400

In an attempt to fight corruption within political parties, strict political sanctions should be imposed on those failing to come up with transparent reports on their campaign funds, experts and ac

Bush Contrasts Arab, Israeli Paths.

Tue, 20 May 2008 00:00:00 -0400

Washington - President Bush's just-completed trip to the Middle East might be summed up as a tale of two speeches.

Pakistani Leadership Can Bring Far-Reaching Reforms Through Political Will.

Wed, 30 Apr 2008 00:00:00 -0400

The Pakistani leadership can enact far-reaching democratic reforms through demonstration of political will as February 18 polls have produced a unique opportunity for such a transformation, US expe

Assessing Secretary of State Rice's Reform of U.S. Foreign Assistance.

Wed, 13 Feb 2008 00:00:00 -0500

Secretary of State Condoleezza Rice’s ambitious reorganization of the U.S. foreign assistance efforts last year is deeply, perhaps irredeemably flawed, but did produce some positive results, says a new paper from the Carnegie Endowment. Former senior USAID official Gerald Hyman analyzes the objectives, implementation, and impact of the Secretary’s effort to create a cohesive foreign assistance program fully integrated with U.S. national security policy.

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SWFs ISO Good Investments.

Fri, 07 Dec 2007 00:00:00 -0500

The injection of $7.5 billion worth of Arab government funds into troubled Citigroup, which boosted bank shares around the world last week, is a further sign that not all the scare stories about sovereign wealth funds (SWFs) should be believed. Many analysts have seen these massive new state-controlled funds, originating mainly in developing countries, as a new beast of prey, stalking the open global economy for weak victims. Such fears are often exaggerated and based on false premises.

The concern of some American and European policymakers is that as sovereign wealth funds gain traction, political rather than financial motivations will begin to guide international investment decisions and the internal affairs of domestic companies, provoking a protectionist backlash in targeted markets. The rapid growth of sovereign-controlled funds, such as the Abu Dhabi Investment Authority (ADIA), which bought into Citigroup, clashes with traditional economic orthodoxy. In market-based economies, the private sector is meant to own and control wealth, leaving the provision of public services to the state. With SWFs, however, some states now own enough wealth to move world markets.

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