Development

Primary Sources

Remarks by President Obama after Meeting with African Leaders, March 2013

Author: Barack Obama

President Obama met with President Sall from Senegal, President Banda from Malawi, President Koroma from Sierra Leone, and Prime Minister Neves from Cape Verde on March 28, 2013. The four presidents discussed the progress their countries have made in democracy and economic development.

See more in Africa (sub-Saharan); United States; Economic Development; Democratization

Ask CFR Experts

Where do you see Brazil in 2020? As a country with the lowest growth rates among the BRICS, is the dream over for Brazil?

Asked by Fagner Dantas, from Universidade Federal da Bahia

The Brazilian government faces a number of challenges and opportunities concerning its economic forecast in the coming years. After peaking at 7.5 percent growth in 2010, Brazil's recent economic slowdown has caused worry that the dream of a new high-growth economy had slipped out of reach.

Read full answer

See more in Brazil; Economic Development; Emerging Markets; Global Future Trends

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

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