A succinct description of how the recent period of growth in developing countries is leading to a convergence with the advanced countries, or developed world.

As the United States' relative power declines, will the open and rule-based liberal international order Washington has championed since the 1940s start to erode? Probably not.

Economist A. Michael Spence says emerging market growth is going to produce a boom in investment, which in turn may lead to higher interest rates globally, and a tendency to intervene in international capital flows. Spence spoke to Robert Rubin, Former Treasury Secretary and Co-Chairman of the Council on Foreign Relations, at CFR's 2011 Corporate Conference.

Highs and volatile energy prices have driven the regulation of commodity financial markets to the forefront of the U.S. and G20 policy agendas, including the upcoming 2011 G20 meeting in France. Integrated commodity markets require international policy coordination, but not all policy initiatives are equally desirable. Improving Energy Market Regulation: Domestic and International Issues examines a range of policy options at both the domestic and international levels.

Jose W. Fernandez, Assistant Secretary of State for Economic, Energy and Business Affairs, discusses the need to emphasize development as economic growth with social inclusion. During a recession, efforts should focus on the intersection of business and development, or how to foster growth"while making a buck," according to Secretary Fernandez.

Evan A. Feigenbaum asks, "As Asia rings in 2011, will it ring in a new economic order too?"

Evan A. Feigenbaum argues, "President Obama wowed India, and all those who care about U.S.-India relations should cheer."

Jagdish Bhagwati compares the growth prospects of India and China.

This study examines low-carbon technology innovation and absorption in China, India, and Brazil. It recommends a course for U.S. policy that promotes accelerated innovation and adoption of new technologies while protecting U.S. commercial interests.

Experts discuss the role of the UN Millennium Development Goals as a framework for new government development policy, the importance of increasing aid funding transparency with developing nations, and the impact of the financial crisis on the developing world.

Experts discuss the role of the UN Millennium Development Goals as a framework for new government development policy, the importance of increasing aid funding transparency with developing nations, and the impact of the financial crisis on the developing world.

Dato' Sri Mohd Najib Tun Razak, prime minister of Malaysia, discusses his nation's plan to become a developed country by 2020, Malaysia as a model of moderate Islam, and the commonalities between the United States and Malaysia.

Isobel Coleman explains how to tap into the burgeoning power of women in the global marketplace.

William Burns, under secretary of state for political affairs, describes the state of the U.S.-Indian relationship and its importance for meeting the global challenges of the twenty-first century.

A top State Department official, William Burns, said U.S.-Indian relations are in a transformational moment and through sustained dialogue both sides can profoundly deepen a broad range of economic and political ties.

Jagdish N. Bhagwati and Arvind Panagariya argue that it is a mistake for India to join the United States in "China bashing" over the value of the renminbi. With its savings rate high and rising, India too could run into the Chinese "problem" of a current account surplus.

Arnaud de Borchgrave comments in UPI on the downfall of Dubai as the capital of 'casino capitalism' and rising Qatar as its replacement.

The C. Peter McColough Series on International Economics is presented by the Corporate Program and the Maurice R. Greenberg Center for Geoeconomic Studies.

Matthew Slaughter discusses the rise of foreign direct investment from developing into developed countries via M&A transactions. He says that leaders in advanced countries must remember the benefits of inward FDI and resist protectionist pressures.

Brazil's economic miracle is being threatened by China's peg to the falling dollar, which undermines Brazil's competitiveness. Sebastian Mallaby says that Brazil may need to confront China to keep its success on track.