Economic Development

Op-Ed

The Sino-American Decade

Author: A. Michael Spence
Project Syndicate

Michael Spence writes that cooperation between the United States and China on issues surrounding the environment, trade, investment, and financial stability will be critical not only for the continued well-being of the two countries, but also for the successful rebalancing of the world economy.

See more in China, Economics, Capital Markets, Economic Development, Emerging Markets, Geoeconomics, Infrastructure, International Finance, Trade

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

India's Feeble Foreign Policy

Author: Manjari Chatterjee Miller

The world may expect great things from India, but as extensive reporting reveals, Indians themselves turn out to be deeply skeptical about their country's potential. That attitude, plus New Delhi's dysfunctional foreign-policy bureaucracy, prevent long-term planning of the sort China has mastered -- and are holding India back.

See more in India, 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 Sub-Saharan Africa, Economic Development