Economic Development

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.

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See more in Brazil, Economics, Economic Development, Emerging Markets, Financial Crises, Geoeconomics

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, Energy/Environment

Policy Innovation Memorandum Author: Robert A. Pastor

In looking abroad to promote economic growth, Robert Pastor argues the United States need not go further than its two closest neighbors, Canada and Mexico. Leaders of the three countries can build off of NAFTA to create a more seamless market by negotiating a common external tariff, eliminating restrictions on transportation and services, funding new continental infrastructure, and fostering a sense of community among North Americans.

See more in North America, Business and Foreign Policy, Economic Development

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 Arctic, Economic Development, Climate Change

Ask CFR Experts

Is China still “rising” or has it already “risen”?

Asked by Lauren Billi, from New York University

Both are accurate. China certainly "has risen" to become a global economic power: in only three decades, it has transformed itself into the world's second largest economy, largest exporter, and largest provider of loans to the developing world. At the same time, China is rising: its economic and political system, as well as its foreign policy, is still developing. To state categorically that China "has risen" is to accept that the China of today will be substantially the same as the China of five to ten years from now, and few people in or outside China would accept such a conclusion.

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See more in China, Economic Development

Article

Gujarat Promises Continued, Accelerated and All-Around Progress

Author: Jagdish N. Bhagwati
The Economic Times

Jagdish Bhagwati argues that growth can reduce poverty and that slow economic growth will hurt social development, which he also argues in his new book with Arvind Panagariya, "India's Tryst with Destiny: Debunking Myths that Undermine Progress and Addressing New Challenges."

See more in India, Business and Foreign Policy, Economic Development, Emerging Markets, Infrastructure, Global Health

Op-Ed

Mexico Isn't a Gangland Gunbattle

Author: Shannon K. O'Neil
USA Today

Shannon K. O'Neil says, "[American] perceptions reflect the Mexican reality that dominates headlines: soaring crime rates and gruesome murders in a war against drug traffickers. But this window into Mexico overlooks an economic transformation and deepening ties with the United States that reflect a dramatically different country."

See more in Mexico, United States, Economic Development, Emerging Markets

Backgrounder

Poland's Economic Model

Author: Christopher Alessi

Poland has maintained economic growth despite the global financial crisis and eurozone woes, while asserting itself as a leading advocate for greater European integration, explains this Backgrounder.

See more in Poland, Economic Development