Tuesday, December 23, 2008
Two things: 1. For those of you that heard me talk about my book on Ed's show earlier today, this type of table is exactly the kind of data we look for, which is to seek things at the micro level. While I appreciate the work of Transparency International, their data is not a substitute for what Kaufmann and his researchers tried to accomplish at the Bank. For most of the important research, the micro-level data appears to be better.
2. Kaufmann quotes the governor of the National Bank of Ukraine, who spoke at a gathering for Kaufmann's departure (which I believe I attended):
But I want to acknowledge the most important thing that you did is that you made sure that neither the World Bank nor the IMF, for the first two years, gave us a cent in loans, because we basically were not ready. The cadre that was in power would never have reformed, and this would have perpetuated non-reforms.The speaker of course is now-President Viktor Yushchenko. I wonder if the Bush Administration entertained this thought before agreeing to the auto bailout?