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gjm comments on Some reservations about Singer's child-in-the-pond argument - Less Wrong
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Not necessarily more important. (If it turns out that actually there isn't any realistic way to convince them to address the problem, then "ok, so what else can we do?" is a higher-value question.)
Well worth addressing, though, for sure. Getting governments and very rich people to spend more on helping the neediest parts of the world might be a very valuable activity.
How would you know there isn't any realistic way to impact them using your resources? Donation to a think-tank seems one possible option.
Probably hard to know with much confidence. So I suppose the question might be (in so far as this makes sense) objectively unimportant but subjectively important,