Development

Video

South Korea, Poland, and Turkey: Three Emerging Market Success Stories Look to Sustain Their Growth

Speakers: Steven A. Cook, Marcus Noland, and Mitchell Orenstein
Presider: Gideon Rose

Emerging economies have boomed over the past decade, but many have recently seen their currencies come under pressure. With a potential currency crisis looming, CFR's Steven Cook, Marcus Noland of the Petersen Institute for International Economics, and Mitchell Orenstein of Northeastern University take an in-depth look at three emerging market success stories in a conversation with Foreign Affairs editor Gideon Rose.

See more in South Korea; Turkey; Emerging Markets

Audio

South Korea, Poland, and Turkey: Three Emerging Market Success Stories Look to Sustain Their Growth

Speakers: Steven A. Cook, Marcus Noland, and Mitchell Orenstein
Presider: Gideon Rose

Emerging economies have boomed over the past decade, but many have recently seen their currencies come under pressure. With a potential currency crisis looming, CFR's Steven Cook, Marcus Noland of the Petersen Institute for International Economics, and Mitchell Orenstein of Northeastern University take an in-depth look at three emerging market success stories in a conversation with Foreign Affairs editor Gideon Rose.

See more in South Korea; Turkey; Emerging Markets

Must Read

Bloomberg: Turkey Crisis Puts Jailed Millionaire at Heart of Gold Trail

Author: Mehul Srivastava

"As western nations ring-fenced Iran's banks, they created a temporary market where gold could be used to pay Iran for its only major export: oil and gas. That chaotic marketplace created opportunities for men like Sarraf. He used his connections in Iran and Turkey to move almost a metric ton of gold to Iran every day for 1 1/2 years, according to a person familiar with his finances."

See more in Turkey; Corruption and Bribery

Must Read

Freedom House: Freedom in the World 2014

"The praise bestowed on the father of post-apartheid South Africa was often delivered with more than a note of wistfulness. For it was apparent to many that the defining convictions of Mandela's career—commitment to the rule of law and democratic choice, rejection of score settling and vengeance seeking, recognition that regarding politics as a zero-sum game was an invitation to authoritarianism and civil strife—are in decidedly short supply among today's roster of political leaders. Indeed, the final year of Mandela's life was marked by a disturbing series of setbacks to freedom. For the eighth consecutive year, Freedom in the World, the report on the condition of global political rights and civil liberties issued annually by Freedom House, showed a decline in freedom around the world."

See more in Global; Peace, Conflict, and Human Rights; Development

Must Read

NYT Magazine: Putin's Olympic Fever Dream

Author: Steven Lee Myers

"The megaproject has returned — another Soviet legacy pursued by the singular will of Vladimir Putin, who seems incapable of escaping the ideas that nurtured him from youth. The Olympics in Sochi are often called Putin's games, a profligate investment to prove to the world Russia's resurrection, a personal validation of his 14 years — and counting — as the country's paramount ruler."

See more in Russian Federation; Development

Teaching Module

Teaching Notes: No One's World

These Teaching Notes, by CFR Senior Fellow Charles A. Kupchan, feature discussion questions, essay questions, activities, and additional materials for educators to supplement the use of Dr. Kupchan's book No One's World in the classroom. In this book, Dr. Kupchan argues that the world is on the cusp of a redistribution of power in which no single state or region will dominate—or govern—the international scene.

See more in United States; Globalization

Audio

Savings: The Next Frontier in Financial Inclusion

Speakers: Mary Ellen Iskenderian and Steve Hollingworth
Presider: Isobel Coleman
CFR Senior Fellow Isobel Coleman leads a conversation with Mary Ellen Iskenderian of Women's World Banking and Steve Hollingworth of Freedom from Hunger about how savings are blazing the next frontier in poverty eradication.

See more in Global; Women

Must Read

Washington Post: Why the Elites Are Rising Up

Author: Jackson Diehl

"[G]lobalization is not merely an economic story. It is accompanied by the spread of freer and more inclusive elections to dozens of countries where they were previously banned or rigged. That has enabled the rise of populists who cater to globalization's losers and who promise to crush the old establishment and even out the rewards. In country after country, they've succeeded in monopolizing the political system. Hence, the elite revolt."

See more in Global; Globalization; Political Movements and Protests

Primary Sources

Principal Deputy Assistant Secretary Marciel's Testimony on the Rebalance to Asia

Principal Deputy Assistant Secretary in the Bureau of East Asian and Pacific Affairs, Scot Marciel, testified on December 18, 2013 about the economic aspects of the Obama Administration's rebalance to Asia, before the Senate Committee on Foreign Relations Subcommittee on East Asian and Pacific Affairs.

See more in Asia and Pacific; United States; Grand Strategy; Economic Development