From issue: Memos to the President Elect (Fall 2008)
Redistribute the Windfall from High Oil Prices
"Invest a portion of the profits earned from today's high oil prices to benefit the countries that have been worse hit by the multiple price increases."
By acting in concert, we can help alleviate the pressures on the economies and societies of the world’s poorest nations. That will not only help to minimize a growing global crisis, but also reduce the risks that food scarcity, poverty and energy shortages pose to the elected governments of the hemisphere.
As a participant in several international summits this year, I became keenly aware that global concerns must be translated into viable public policy options…