In an exasperated outburst, just before he left the presidency of the European Central Bank, Jean-Claude Trichet complained that, “as a policymaker during the crisis, I found the available [economic and financial] models of limited help. In fact, I would go further: in the face of the crisis, we felt abandoned by conventional tools.” Read […]
Over the past decade and a half, Indonesia’s democratic transition has been praised (including by me) as one of the most impressive of any developing country in the world. The distance traveled from the chaos, and potential split-up of the country, in the late 1990s, to the relative stability and high growth of today, is […]
For the last 40 years, Americans have lagged in recognizing the declining fortunes of their foreign rivals. In the 1970s they thought the Soviet Union was 10 feet tall — ascendant even though corruption and inefficiency were destroying the vital organs of a decaying communist regime. In the late 1980s, they feared that Japan was […]
Africa is no longer the “lost continent” of popular imagination. The region has been growing rapidly for over a decade, the private sector is expanding, and a new class of consumers is wielding considerable spending power. And because of its young and growing population, the sky is the limit for future growth: Between 2010 and […]
Read Here – Arab News
Debate – The staying power of Arab Monarchies Read Here – International Herald Tribune
At one time in the recent past, leaders in developing countries and in international organizations decried the “brain drain” that led the best and brightest in what we used to call the “third world” to emigrate to the West to take advantage of superior educational and employment opportunities. The United States was the destination of […]
Did President Obama watch Egypt swing from pivotal ally to potential opponent? Versions of that question have hovered around the presidential campaign from the early Republican primary debates through Mitt Romney’s comments on his recent trip to Israel about the Islamist electoral victories in the wake of the Arab spring. Read Here – New York Times
