The question is whether it'll be a stable country, will it be a country in which a diversity of views, open transparency, women's rights are recognized. The likelihood of that remains very low.

The life prospects of an American are more dependent on the income and education of his parents than in any of the other advanced industrial countries.

I think that for the developing world there are many versions of capitalism, and countries have to choose one that's appropriate.

Unfettered market American-style capitalism doesn't work. Developing countries can't afford that kind of luxury. They just can't afford it. Period. If there's a mistake, they can't afford to put out $2 trillion.

In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.

Drug companies spend more on advertising and marketing than on research, more on research on lifestyle drugs than on life saving drugs, and almost nothing on diseases that affect developing countries only. This is not surprising. Poor people cannot afford drugs, and drug companies make investments that yield the highest returns.