Muddled thinking is dangerous for international development. For one thing, cost benefit arguments neglect the high price exacted by failed states. For another, as noted in an important new book, The Bottom Billion, some countries are trapped by special circumstances that need special remedies.
Topic:
Foreign Policy, Development, Emerging Markets, Humanitarian Aid, and International Trade and Finance
According to Kishore Mahbubani, a strategist in Singapore, the West – especially Europe – has presumed too long that Asia is and will remain “dormant.” As Marmon explains, Mahbubani is perhaps the most articulate exponent of a widely-held view in Asia: that Westerners are dangerously behind the curve in reading the major trends of global change.