Over the past 20 years, emerging economies have not only grown faster than advanced countries, but outperformed market expectations–leading to significant returns on investment. Whether this will be the case in the future remains to be seen. […]
As Italian and Spanish spreads on government bonds decline, Europeans are breathing a big sigh of relief. But true recovery requires big structural shifts that will take many years. […]
The selection process for the World Bank’s top job is far from competitive, but focusing on the presidency obscures the extent to which other high-level positions at both the Bank and the International Monetary Fund are also quota-driven. […]
The next administration will confront numerous domestic economic policy challenges, including persistently high unemployment, a surging national debt, tax and social spending reform, and the energy and climate nexus. […]
China is becoming an increasingly significant economic partner for Latin America. But its rise is part of a broader, long-term shift towards a world in which emerging markets have greater economic weight. […]
Over the past several decades, the World Bank has broadened its approach to growth and poverty reduction by moving beyond hard infrastructure initiatives to systemic reforms in education and health care and the development of social safety nets. […]
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