Michael Spence writes that slowing growth puts Chinese authorities in the tricky position of shifting their economy from a growth model based heavily on public investment-led growth to a growth model that mixes more domestic consumption with higher-yielding forms of investment.
There is a strong economic case for investing in women. Encouraging female workforce participation and entrepreneurship helps lift women and their families out of poverty, generates innovation, and grows economies.
No matter what one thinks should be done about global warming, the fact is, it's happening. And its effects are not all bad. In the Arctic, it is turning an impassible region into an emerging epicenter of industry and trade.
With concise historical analysis and forward-looking prescriptions, Pathways to Freedom offers an authoritative and accessible look at what countries must do to build durable and prosperous democracies—and what the United States and others can do to help.
In an article calling for inclusive development in India, access to justice and opportunity for all its citizens, and a stop to child trafficking in the country, Mark P. Lagon and Samir Goswami explore India's "economic miracle."
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.
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.
The IMF Board of Governors is advised by the Development Committee and the International Monetary and Financial Committee. After the IMF-World Bank Spring meetings, both committees released final communiqués on April 20, 2013.
Helen Clark discusses the 2013 Human Development Report, The Rise of the South: Human Progress in a Diverse World. The report identifies more than forty developing countries that have done better than expected in human development in recent decades, with their progress accelerating markedly over the past ten years
Isobel Coleman, CFR's senior fellow and director of the Civil Society, Markets, and Democracy initiative, discusses transitions to democracy and market economies, as part of CFR's Academic Conference Call series.
The recent announcement of a BRICS development bank raised many questions. Isobel Coleman writes about the potential structure and purpose of the BRICS development bank and its implications for international development and the global economy.
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.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.
The author examines Pakistan's complex role in U.S. foreign policy and advocates for a two-pronged approach that works to quarantine threats while integrating Pakistan into the broader U.S. agenda in Asia.