Economic Development

Must Read

IADB: All That Glitters May Not Be Gold

The international community has hailed the past five years as exceptionally good economic times for Latin America. In this report the Inter-American Development Bank goes beyond initial perceptions to examine whether Latin America's macroeconomic performance and fundamentals are as sound as they appear at first sight. The report's aim is to present an alternative perspective in order to precipitate a useful and necessary debate.

See more in Central America, South America, Economic Development, Emerging Markets

Other Report

Economic and Political Development Trip Report: Tamara Cofman Wittes and Isobel Coleman

Authors: Isobel Coleman and Tamara Cofman Wittes

In February, Tamara Cofman Wittes and Isobel Coleman met with business leaders, academics, journalists, and civic activists in Riyadh and Jeddah, Saudi Arabia. Among Wittes and Coleman's key findings are that many Saudis welcomed the emergence of a more open atmosphere, pointing to King Abdullah's ascension to the throne, dynamism in neighboring Gulf states, and a new "post-post-9/11" environment as key catalysts for the change. Yet, there was frustration at the unpredictability and arbitrariness of the newly expanded social and political space. The next U.S. administration may have a new, but narrow, window of opportunity to reintroduce itself to Saudi Arabia. Many Saudis argued for the creation of a deeper, multi-dimensional relationship between both countries that engages civil society, not just the government and business sectors.

See more in Middle East, Economic Development, Culture and Foreign Policy, U.S. Strategy and Politics

Must Read

CJR: Uncomfortable Truth

Author: Naresh Fernandes

Naresh Fernandes examines the discrepancy that exists between the glowing reports of a booming Indian economy and increasing wealth versus the reality that most citizens of India live in poverty. Fernandes writes that Indian media cater more to the aspirations of the elite through aggressive advertising campaigns rather than acting as “the fourth pillary of democracy.”

See more in India, Economic Development

Op-Ed

What Tata Tells Us

Author: Matthew J. Slaughter
Wall Street Journal

Ford Motor Company recently announced it will sell its Jaguar and Land Rover divisions to India's Tata Group. In this Wall Street Journal op-ed Matthew Slaughter argues that such foreign direct investment has long been a source of strength for the American economy. American policy makers should strive to make the U.S. a premier location for the dynamic, high-productivity activities of globally engaged companies—both insourcing companies and U.S. multinationals alike.

See more in United States, India, Economic Development, Technology Transfer

Op-Ed

California's Sovereign Wealth Fund

Author: Benn Steil
Wall Street Journal

In this Wall Street Journal op-ed, Benn Steil argues that Calpers, the California Public Employees' Retirement System, is best viewed as a highly political "sovereign wealth fund." Governed by state political figures and union representatives, Calpers' investment decisions are frequently guided by foreign policy and social agendas rather than fundholder interests.

See more in United States, Corporate Governance, Economic Development