Development

Primary Sources

Joint Statement of the Fifth BRICS Summit in Durban, March 2013

The fifth summit of the BRICS (Brazil, Russia, India, China, South Africa) countries met in Durban, South Africa March 26 and 27, 2013, to discuss "political and economic coordination." They released their fifth summit declaration, "BRICS and Africa: Partnership for Development, Integration and Industrialisation," which includes plans for a BRICS development bank.

See more in Emerging Markets; Trade; Global

Article

Egypt’s Financial High Noon

Author: Isobel Coleman
Foreign Policy

Isobel Coleman writes that while it is widely recognized that food and fuel subsidies in Egypt are expensive and inefficient, Egyptian leaders do not want to touch the political third rail of subsidy reform. But they also realize that the country's fiscal situation is untenable without it. Sooner or later, serious subsidy reform is inevitable, and a well-planned process is preferable to the alternative.

See more in Egypt; Economic Development

Transcript

Scarcity and Security in Africa

Speakers: Jendayi Frazer, Juergen Voegele, and Gary Weir
Presider: Harry Broadman

Jendayi Frazer, Juergen Voegele, and Gary Weir flesh out the drivers of scarcity and security challenges related to natural resources in Africa, focusing on natural resource management. This meeting is part of the Global Resources, the U.S. Economy, and National Security symposium, sponsored by the Council on Foreign Relations and Conservation International.

See more in Africa (sub-Saharan); Food Security; Environmental Policy

Audio

Scarcity and Security in Africa

Speakers: Jendayi Frazer, Juergen Voegele, and Gary Weir
Presider: Harry Broadman

Jendayi Frazer, Juergen Voegele, and Gary Weir flesh out the drivers of scarcity and security challenges related to natural resources in Africa, focusing on natural resource management. This meeting is part of the Global Resources, the U.S. Economy, and National Security symposium, sponsored by the Council on Foreign Relations and Conservation International.

See more in Africa (sub-Saharan); Food Security; Environmental Policy

Must Read

Lloyd's: Arctic Opening: Opportunity and Risk in the High North

Authors: Charles Emmerson and Glada Lahn

The Arctic region is undergoing unprecedented and disruptive change. Its climate is changing more rapidly than anywhere else on earth. Rising temperatures are causing a retreat of sea ice and changes to seasonal length, weather patterns and ecosystems. These changes have prompted a reassessment of economic and development potential in the Arctic and are giving rise to a set of far-reaching political developments.

See more in Economic Development; Climate Change; Arctic

Article

Challenges to Women’s Security in the MENA Region

Author: Isobel Coleman
Woodrow Wilson International Center for Scholars

In response to systemic sexual assaults on women in Egypt, activists have initiated well-organized campaigns to protect women's right to participate in the political sphere and to move in public spaces without fear for their personal safety. Isobel Coleman warns that politically motivated violence against women has still not crested.

See more in Middle East and North Africa; Women

Backgrounder

Governance in India: Women's Rights

Author: Beina Xu

Several high-profile sexual assault cases in India have sparked a national debate over women's rights and the need for social reform in a rapidly modernizing country.


See more in India; Women

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

Ask CFR Experts Asked by Fagner Dantas, from Universidade Federal da Bahia

Globalization refers to the increasing ease with which goods, services, capital and people can move across the world, which has been accelerated by advances in technology and government policies to reduce barriers. In terms of reducing poverty in as many countries as possible, there is no question that globalizationcontinues to be beneficial, even after the 2008 financial crisis. Poverty continues to fall worldwide at a rapid rate, and countries most integrated into the world economy have seen the biggest reductions in poverty. But it is also true that even before the crisis, the gains from globalization were not spread evenly. Though millions have been lifted out of poverty and everyone benefits from cheaper consumer goods and the opening of new export markets, there are still winners and losers.

Read full answer

See more in Global; Globalization; Financial Crises