I read this speech (This is an alternative link for the speech as World Bank link not really working) from Robert Zoellick which is being discussed widely across media and blogs.
In this speech Zoellick talks about a New Deal for rising food prices and involving Sovereign Wealth Funds for developing Africa. (He raises two more issues of reviving Doha round and helping resource rich countries. )
I really don’t understand this. Food prices have bneen rising all along and a crisis was just about to happen. That policymakers have waited tillt he crisis actually occured is disturbing. And suddenly all SWF money has become good and can be used for development.
Read the interesting speech as you might get to hear the new buzzword- statecraft – which Zoellick uses to address the problems