The evolving structure of global growth


By Michael Spence and Sandile Hlatshwayo NEW YORK – Since World War II’s end, the global economy’s trade and financial openness has increased, thanks to institutions like the International Monetary Fund and successive rounds of liberalization, starting with the General Agreement on Tariffs and Trade (GATT) in 1947.

Getting ahead of the curve

Fraser Wheeler

By Fraser Wheeler The Caribbean people are well used to hearing about the current economic woes facing their countries: the heavy dependence on tourism in a global recession; the vulnerability of small economies to global impacts like the oil price; the high levels of debt which makes stimulus packages out of range; and the competitive challenges of a global economy. 

Can Egypt become a true democracy?

Michael Mandelbaum

Michael Mandelbaum is Professor of American Foreign Policy at the Johns Hopkins School of Advanced International Studies (SAIS) in Washington D.C., and the author of  Democracy’s Good Name: The Rise and Risks of the World’s Most Popular Form of Government By Michael Mandelbaum WASHINGTON, DC – Hosni Mubarak’s resignation as President of Egypt marks the beginning of an important stage in that country’s transition to a new political system.

The Tunisian Catalyst


By Joseph E. StiglitzDAVOS – The whole world celebrates Tunisia’s democratic revolution, which has set off a cascade of events elsewhere in the region – particularly in Egypt – with untold consequences. 

Taking the fat out of global warming


By Ian Roberts LONDON – Mitigating climate change presents unrivaled opportunities for improving human health and well being. Indeed, policies to reduce greenhouse-gas emissions promise to bring about substantial reductions in heart disease, respiratory illness, cancer, obesity, diabetes, depression, and road deaths and injuries.

Chinas African Front

Sanou Mbaye

Sanou Mbaye, a former member of the senior management team of the African Development Bank, is a Senegalese investment banker and the author of L’Afrique au secours de l’Afrique (Africa to the Rescue of Africa).

Globalization Marches On

By Jagdish BhagwatiLONDON – In a recent symposium in the Financial Times on globalization’s prospects in 2011, the columnist Gideon Rachman observed that, “When Barack Obama visited India recently, the US President warned his hosts that the debate about globalization has reopened in the West,” and that “a backlash…is forming…and growing in advanced economies.” But Rachman’s alarmism is misplaced.