Economics

Foreign Affairs Article

Africa's Economic Boom

Authors: Shantayanan Devarajan and Wolfgang Fengler

Sub-Saharan Africa's GDP has grown five percent a year since 2000 and is expected to grow even faster in the future. Although pessimists are quick to point out that this growth has followed increases in commodities prices, the success of recent political reforms and the increased openness of African societies give the region a good chance of sustaining its boom for years to come.

See more in Sub-Saharan Africa, Economic Development

Video

Lessons from Emerging Markets

Speakers: Joyce Chang, Richard H. Clarida, and Peter B. Henry
Presider: Tim W. Ferguson

Joyce Chang, Richard H. Clarida, and Peter B. Henry discuss how emerging markets have responded to the global recession of 2008–2009 and potential lessons for developed countries.

See more in Emerging Markets

Audio

Effects of Investment Treaties in the Global South

Speaker: Lori Wallach
Presider: Terra Lawson-Remer

Lori Wallach, director of Public Citizen's Global Trade Watch, discusses investment treaties, their implications for policies to promote financial stability and sustainable use of natural resources, and the flaws of the arbitration system used by investors and nations to settle conflicts, with a focus on the global south.

See more in Economics, Business and Foreign Policy, Emerging Markets, International Finance

Ask CFR Experts

Will "sequestration" lead to a more isolationist U.S. foreign policy?

Asked by Andreas Maldener, from Trier University

After more than a decade of war and several years of a deep financial crisis, many Americans are asking whether the country should focus more of its attention—and more of its resources—at home. That said, the impulse to lead is still strong in both political parties and most polls show that Americans still feel both a moral and strategic imperative to remain fully engaged in the world.

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See more in United States, Economics, U.S. Strategy and Politics, Congress, Congress and Foreign Policy

Ask CFR Experts

Will “sequestration” affect U.S. education, especially in the STEM fields?

Asked by Mariecor Ruediger

American policymakers have long been concerned about the eroding U.S. advantage in educating science, technology, engineering, and math (STEM) students. With much of the assembly work for lucrative high-technology products having moved to Asia, future U.S. prosperity depends increasingly on innovating new products and techniques—innovation that requires training (or importing) a new generation of scientists and engineers.

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See more in United States, Business and Foreign Policy, Education

Primary Sources

Secretary Kerry's Remarks at Remarks at American Chamber of Commerce in Seoul, April 2013

Author: John F. Kerry

Secretary of State John Kerry spoke on April 12, 2013, at the American Chamber of Commerece in Seoul after his meetings with South Korean President Park and South Korean Foreign Minister Yun. He discussed economic cooperation between the Republic of Korea and the United States and nuclear issues in the region.

See more in South Korea, Trade, Proliferation