Thomas P.M. Barnett :: Weblog

NUMBERS: "Robust Global Trade: A Virtuous Circle," by James Mehring and Laurel Daunis-Allen, BusinessWeek, 12 November 2007, p. 013.

Numbers globally for 2006:

→$301 billion in remittances to emerging/developing economies
→$167 billion in foreign direct investment
→$104 billion in official developmental aid (ODA).

So the global commute plus FDI is now 4.5 times more important than aid, accounting for over 80 percent of the capital flow to New Core and Gap.

Still think doubling ODA is the only knob we can turn on shrinking the Gap?