"For the first time in a very long time, people here have hope," says Liban Mahdi, one of scores of diaspora Somalis who have returned to Mogadishu since al-Shabaab were routed from the city by African Union and Somali forces in August 2011. Parts of the battle-scarred capital are experiencing a construction boom, with hospitals, homes, schools, shops and hotels rising from once rubbled neighbourhoods. Streets hum with cars and hawkers. "We have traffic jams in Mogadishu now," says Ismail, who works in construction. "I never imagined I would see that here."
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 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.
Campbell evaluates the implications of the Boko Haram insurgency and recommends that the United States support Nigerian efforts to address the drivers of Boko Haram, such as poverty and corruption, and to foster stronger ties with Nigerian civil society.
Koblentz argues that the United States should work with other nuclear-armed states to manage threats to nuclear stability in the near term and establish processes for multilateral arms control efforts over the longer term.
The authors argue that it is essential to begin working now to expand and establish rules and norms governing armed drones, thereby creating standards of behavior that other countries will be more likely to follow.
Learn more about CFR’s mission and its work over the past year in the 2014 Annual Report. The Annual Report spotlights new initiatives, high-profile events, and authoritative scholarship from CFR experts, and includes a message from CFR President Richard N. Haass. Read and download »