Development

Audio

The Rest Leapfrogging the West: How Rising Incomes and Technological Innovation Are Driving Financial Inclusion in Emerging Markets

Speakers: Robert Annibale and Shamshad Akhtar
Presider: Isobel Coleman

Isobel Coleman hosts Robert Annibale, Global Director of Microfinance, Citigroup, and Shamshad Akhtar, Assistant Secretary-General for Economic and Social Affairs, United Nations, for a discussion about how to reach the two billion people who do not have access to formal financial services.

This roundtable was generously supported by the Center for Financial Conclusion at Accion, which is leading the Financial Inclusion 2020 Campaign.

See more in Global; Emerging Markets; Innovation

Article

Sexual Violence and Inequality in India

Authors: Isobel Coleman and Julia Knight
Política Exterior

As measured by life outcomes, India does not value the lives of its sons as highly as it values the lives of its daughters. Moreover, it allows sexual violence to go unpunished and its victims undefended, whether on the city streets, in villages, in police stations, or in the courts. A powerful impetus for change exists in India, but the challenge of closing the gap between calls for reform and true long-term change looms large.

See more in India; Women; Human Rights

News Release

Jagdish Bhagwati and Arvind Panagariya on How to Replicate India’s Growth in Other Developing Countries, in New CFR Book

Indian leaders and economic planners focused on eradicating poverty by "growing the pie rather than slicing it," and fueled the country's growth with market-based policies, write economists Jagdish Bhagwati and Arvind Panagariya in Why Growth Matters: How Economic Growth in India Reduced Poverty and the Lessons for Other Developing Countries, a new Council on Foreign Relations (CFR) book.

See more in India; Economics; Economic Development

Audio

Investment Treaties: Winners and Losers

Speaker: Jose E. Alvarez
Presider: Terra Lawson-Remer

Jose Alvarez, Herbert and Rose Rubin professor of international law at New York University School of Law, discusses the growth and distributional effects and the human rights implications of global economic governance through bilateral investment treaties, with a focus on the global south.

See more in Global; Foreign Direct Investment; Human Rights

Must Read

NYT: Silicon Valley’s Start-Up Machine

Author: Nathaniel Rich

The Mountain View investors are the partners of Y Combinator, an organization that can be likened to a sleep-away camp for start-up companies. Y.C. holds two three-month sessions every year. During that time, campers, or founders, have regular meetings with each of Y.C.'s counselors, or partners, at which they receive technical advice, emotional support and, most critical, lessons on the art of the sale. There is no campus, only a nondescript office building in Mountain View — on Pioneer Way, around the corner from Easy Street. Founders are advised to rent apartments nearby, so that they can run to the office in minutes should an important investor pay a visit.

See more in United States; Economic 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

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