The crisis of Western liberal capitalism has coincided with the rise of a powerful new form of state capitalism in emerging markets, says Adrian Wooldridge.

Sebastian Mallaby argues that the internationalization of the renminbi is less a sign of China's rise than of China's internal confusion.

Steve Lohr describes how Silicon Valley innovations are changing disciplines in a broad range of fields, with consequences for entrepreneurship strategies.

This report tracks the foreign investment portfolios of the BRIC governments— Brazil, Russia, India, and China—by looking at reserves holdings and holdings of U.S. assets.

Joshua Kurlantzick says Europe is turning to emerging economies to help solve its debt crisis, but it's too bad they can't deliver.

Pham Binh Minh, minister of foreign affairs for the Socialist Republic of Vietnam, analyzes Vietnam's relationship with the United States and surrounding nations, and outlines the country's strategy for economic growth.

Report assesses global financial markets.

Interest in natural gas is growing for political, environmental, and economic reasons. But the industry faces challenges to adding pipelines, increasing international LNG trade, and exploiting newly found shale gas reserves.

Michael Spence surveys the rocky road to recovery that lies ahead of both advanced and emerging economies.

Nicky Oppenheimer, Chairman of De Beers, discusses how businesses can benefit from entering Africa, and contribute to sustainable growth and development in the continent. "Africa, I think, is going to be a hugely important continent in the future," says Oppenheimer, emphasizing that "America is currently a bit behind China. I don't think they should lose or slip back any further."

Michael Spence emphasizes the importance of a fair and open selection process in choosing the IMF's next leader.

In The Next Convergence, Michael Spence succinctly describes how the recent period of growth in developing countries is leading to a convergence with the advanced countries, or developed world.

As the United States' relative power declines, will the open and rule-based liberal international order Washington has championed since the 1940s start to erode? Probably not.

Economist A. Michael Spence says emerging market growth is going to produce a boom in investment, which in turn may lead to higher interest rates globally, and a tendency to intervene in international capital flows. Spence spoke to Robert Rubin, Former Treasury Secretary and Co-Chairman of the Council on Foreign Relations, at CFR's 2011 Corporate Conference.

Highs and volatile energy prices have driven the regulation of commodity financial markets to the forefront of the U.S. and G20 policy agendas, including the upcoming 2011 G20 meeting in France. Integrated commodity markets require international policy coordination, but not all policy initiatives are equally desirable. Improving Energy Market Regulation: Domestic and International Issues examines a range of policy options at both the domestic and international levels.

Jose W. Fernandez, Assistant Secretary of State for Economic, Energy and Business Affairs, discusses the need to emphasize development as economic growth with social inclusion. During a recession, efforts should focus on the intersection of business and development, or how to foster growth"while making a buck," according to Secretary Fernandez.

Evan A. Feigenbaum asks, "As Asia rings in 2011, will it ring in a new economic order too?"

Evan A. Feigenbaum argues, "President Obama wowed India, and all those who care about U.S.-India relations should cheer."

Jagdish Bhagwati compares the growth prospects of India and China.

This study examines low-carbon technology innovation and absorption in China, India, and Brazil. It recommends a course for U.S. policy that promotes accelerated innovation and adoption of new technologies while protecting U.S. commercial interests.