Homi Kharas

In today’s world we have many more development stakeholders, so there’s no need for a single agency to try to do everything. It’s far better to try to do some things and to try to do them really well.

Roughly speaking, 1 billion people have been lifted out of poverty since 1990, in China, India, Vietnam, Indonesia and even now in sub-Saharan Africa. In the last decade, we've had the most rapid reduction in poverty in history.

In my view, the U.S. middle class is basically stagnant. There are some people in the U.S. middle class who are doing quite well, and are graduating to become rich. And there are other people who are doing much less well, and they are falling out of the middle class.