As emerging markets come to dominate the global economy, no challenge will be more difficult—and few will be more important—than managing the global commons.
Distorted incentive structures in China are encouraging many Chinese corporations to borrow—and increase their unsustainable level of debt—even though investments are not generating sufficient economic value.
In order to accommodate a rapidly growing global middle class, world leaders should draw on ideas from a variety of sources, giving free rein to pragmatism and experimentation instead of rigid ideologies.
Southeast Asia, a diverse sub-region of ten countries, lives in the shadow of China and India, but it too is a thriving trade and economic hub. It is also an anchor of political stability, making its development all the more important for the rest of the world.
Until Yemen is able to address its confluence of crises, including poor governance, rampant corruption, major security concerns, unemployment, and a lack of desperately needed resources, terrorists operating in the country will continue to pose a threat to the international community.
China’s economy can only continue to grow rapidly through ever riskier increases in debt. Eventually, Chinese authorities will either choose to slow growth and curtail investment sharply or they will be forced to do so by their excessive debt.
The ascendance of emerging economies has altered the fundamentals of international trade, creating an urgent need for the World Trade Organization to play a more proactive and substantive role in this new world.
Although a number of secret Soviet archives have been opened to researchers and the media, the revelation of their content has had a limited impact on popular understandings of Russian history.
The international monetary system helped countries liberalize trade and limited protectionism during the Great Recession. But countries with pegged exchange rates remain a threat to trade, especially if the peg is undervalued.
Developing countries are transforming every aspect of global economic interaction. Global leadership is needed to ensure that this shift is marked by increased prosperity rather than conflict.























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