Economic Development

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

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

Transcript

A Conversation with Helen Clark

Speaker: Helen Clark
Presider: George Rupp

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

See more in Global; Economic 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

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