Stagnating wages and growing inequality will soon threaten the stability of contemporary liberal democracies and dethrone democratic ideology as it is now understood. What is needed is a new populist ideology that offers a realistic path to healthy middle-class societies and robust democracies.

Nancy Birdsall and Francis Fukuyama discuss their recent Foreign Affairs article “The Post-Washington Consensus: Development After the Crisis” with students, as part of CFR's Academic Conference Call series.

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The American version of capitalism is no longer dominant around the world.

Francis Fukuyama, the director of the Johns Hopkins International Development Program, reviews two books on the faulty management of foreign aid to Africa.

This piece argues that democracy promotion remains worthwhile as a moral and strategic choice for the United States but that "democracy promotion should be placed in a broader context of promoting economic development, reducing poverty, and furthering good governance."

Francis Fukuyama and Michael McFaul argue that U.S. should continue to promote democracy around the world in this paper for the Stanley Foundation Bridging the Foreign Policy Divide project.