Development

Foreign Affairs Article

Six Markets to Watch: Turkey

Author: Daniel Dombey

For much of last year, Turkey's economy seemed almost on top of the world. In May, as huge construction projects moved ahead, Ankara paid off its remaining debt to the International Monetary Fund, ending what seemed to many Turks a long history of humiliation.

See more in Turkey; Emerging Markets

Foreign Affairs Article

Petroleum to the People

Authors: Larry Diamond and Robert A. Mosbacher

In October 2011, the U.S. Department of Justice filed a motion to seize a palatial cliff-top home in Malibu, California. The 16-acre property towers over its neighbors, with a palm-lined driveway leading to a plaster-and-tile mansion.

See more in Africa (sub-Saharan); Development

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 Africa (sub-Saharan); Economic Development; Emerging Markets

Foreign Affairs Article

Why American Education Fails

Author: Jal Mehta

Since the end of the industrial age, Americans have worried about improving their education system. But the country has never been able to make much progress. Other nations do it better, and the United States must learn from their examples if it hopes to catch up.

See more in United States; Education

Foreign Affairs Article

Capitalism and Inequality

Author: Jerry Muller

Inequality is rising across the post-industrial capitalist world. The problem is not caused by politics and politics will never be able to eliminate it. But simply ignoring it could generate a populist backlash. Governments must accept that today as ever, inequality and insecurity are the inevitable results of market operations. Their challenge is to find ways of shielding citizens from capitalism's adverse consequences -- even as they preserve the dynamism that produces capitalism's vast economic and cultural benefits in the first place.

See more in Financial Markets; Poverty

Foreign Affairs Article

Mexico Makes It

Author: Shannon K. O'Neil

Even as Mexico continues to struggle with grave security threats, its steady rise is transforming the country's economy, society, and political system. Given the Mexico's bright future and the interests it shares with the United States in energy, manufacturing, and security, Washington needs to start seeing its southern neighbor as a partner instead of a problem.

See more in Mexico; Economic Development; Latin America and the Caribbean

Foreign Affairs Article

Own the Goals

Author: John W. McArthur

Since their inception in 2000, The Millennium Development Goals have revolutionized the global aid business, using specific targets to help mobilize and guide development efforts. They have encouraged world leaders to tackle multiple dimensions of poverty simultaneously and provided a standard for judging performance. As their 2015 expiration looms, the time has come to bank those successes and focus on what comes next.

See more in International Organizations and Alliances; Poverty; Global

Foreign Affairs Article

Broken BRICs

Author: Ruchir Sharma

Over the past several years, the most talked-about trend in the global economy has been the so-called rise of the rest, which saw the economies of many developing countries swiftly converging with those of their more developed peers.

See more in Emerging Markets; Brazil