National Public Radio did a roundup of views on what to expect from Pope Francis on economic issues. Reporter Jim Zarroli interviewed Acton Research Director Samuel Gregg and several commentators on the Catholic left. NPR host Audie Cornish introduced Zarroli’s report by observing that the new pope “comes from Argentina, where poverty and debt have long posed serious challenges. In the past, when thrust into debates about the country’s economic future, Francis had made strident comments about wealth, inequality and the markets. Now, some Catholics are hoping their new pope will play a similar role, giving voice to the poor and exerting influence on a global scale.” But Cornish cautioned that if “some say the idea that Pope Francis is some kind of economic liberal is to misread him and the church.”

Read more on Audio: On NPR, Samuel Gregg Discusses Pope Francis and Economics…

photo courtesy of Foreign Policy

“We don’t just want the money to come to Haiti. Stop sending money. Let’s fix it. Let’s fix it,” declared Republic of Haiti President Michel Martelly three years after the 2010 earthquake. Martelly was referring to foreign aid, $9 billion of which has been pledged to the country since the disaster. But financial aid has of course not been the only item sent to Haiti; the country has experienced a vast influx of goods, including clothing, shoes, food, and in particular, rice. Haiti imports approximately 80% of its rice, making it the country’s most significant food import.

Considering Haiti was self-sufficient in rice production in the 1970s, this should come as an alarming statistic. Along with rice, production of goods in around 200 companies enabled Haiti, at one time, to be a recognized exporter and experience moderate levels of prosperity. In her Foreign Policy article, “Subsidizing Starvation,” Maura R. O’Connor cites U.S. Ambassador to Haiti from 1981 to 1983, Ernest Preeg:

“Haiti was just as far along as anyone else,” said Preeg. “People came to Port-au-Prince to get jobs because it was a burgeoning export economy.” Preeg wrote an article in 1984 in which he echoed the view of many others that Haiti could be the “Taiwan of the Caribbean.”

But starting in the early 90s, these industries crumbled, as international trade embargos — prompted by a military coup against President Jean-Bertrand Aristide — were implemented and foreign imports began to flood the Haitian market. Read more on Beyond Aid: The Flood of Rice in Haiti…

Last summer, Acton’s PovertyCure team traveled to Ghana to meet with its economists and entrepreneurs — the men and women who are helping the country develop. It just so happens that they also met briefly with Peter Cardinal Turkson, president of the Vatican’s Pontifical Council for Peace and Justice and co-author of the note released yesterday that has stirred up a global controversy.

Read more on ‘Central World Bank’ Would Hurt Cardinal Turkson’s Native Ghana…

This morning the Pontifical Council for Justice and Peace issued a bold statement advising how to bring order to the global financial crisis. I was in attendance at the much anticipated press conference that was organized to debrief reporters on the statement’s content.

Read more on Vatican Releases Note on Global Financial Reform…