Jim Kolbe discussed the role of business leaders in fueling economic development. Mr. Kolbe emphasized that international economic growth remains integral to domestic and international security. To improve aid effectiveness and address global threats, Mr. Kolbe called for a consolidated U.S. department of development to address global poverty and promote economic growth. He stressed the need to synchronize voices around a specific issue area to ensure support from the next administration.

Mr. Kolbe acknowledged the failure of the United States to suitably address growing international instability and advocated for restructuring trade tariffs. Criticizing the current system of tariffs for weakening industries in impoverished countries, Mr. Kolbe faulted the recently passed Farm Bill for failing to reform the current subsidy system or adequately respond to the global food crisis. Recognizing that outsourcing poses a threat to the American work force, he urged improvements in the education system to prepare the United States for rising international competition.

Mr. Kolbe expressed his strong support for the Millennium Challenge Corporation (MCC), highlighting its innovative concept and success to date. Mr. Kolbe voiced his concerns that if the MCC does not receive the necessary financial support from the Congress, eligible countries that institute reforms will go unfunded and the United States will be seen as reneging on its development commitments.

Event co-hosted by the German Marshall Fund of the United States and the Washington Council on International Trade