The 500 richest people in the world, according to a U.N. calculation a few years ago, earned more than the 416 million poorest people. It’s worth bearing in mind that the first group bears a measure of responsibility for the global economic mess but will get by just fine, while the latter group has no responsibility and will suffer the worst consequences.

If the G-20 leaders want to address these needs, there are many ways they can do so with negligible sums. Mr. Zoellick at the World Bank is pushing a trade support program to help developing countries sustain their trade. Muhammad Yunus, the microfinance pioneer who won the Nobel Peace Prize, urges the G-20 leaders to create a fund to invest in organizations that offer small loans or otherwise bolster commerce in poor countries.

So what will it be? More squabbling and recalcitrance, or something constructive for those whose lives are at stake in this downturn?

Nicholas Kristof
NY Times
4-2-09
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