What we have in place today to respond to crises should be supported even as we work to improve those mechanisms and institutions. Accordingly, I fully back the Administration’s request to augment the financial resources of the IMF -- U.S. participation in the New Arrangements to Borrow and an increase in the U.S. quota in the IMF.
This remarkable coming together of technologies that we label IT has allowed us to move beyond efficiency gains in routine manual tasks to achieve new levels of productivity in now routine information-processing tasks that previously depended upon people to compute, sort and retrieve information for purposes of taking action.