Economic Development

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Ricardo Soares De Oliveira

The countries of East Africa are in the early throes of an oil boom, with an unprecedented opportunity for economic development. Unless they avoid the mistakes of those before them, though, the region's governments could easily squander it.

Andrew Wilson

Belarus signed up early to join the Eurasian Union, but has started hedging its bets since Russia's annexation of Crimea -- and understandably so. According to Putin’s reasoning for seizing Crimea, Belarus could be the next target.

Alexander J. Motyl

It is time to imagine what once seemed impossible: In addition to Crimea, Putin attempts to annex the other southeastern Ukrainian provinces that are generally regarded as most susceptible to conquest -- Donetsk, Kherson, Luhansk, Mykolaiv, and Zaporizhzhya. Ukraine would be the immediate loser but might find itself better off in the long run. Russia, on the other hand, would quickly discover that it is in possession of economically unviable provinces that cannot survive without massive infusions of rubles.

Johan Lagerkvist

Although China's leaders are intent on liberating the country's economy, they have outlined no such liberalization for China’s restless civil society. That approach may come back to haunt them.

David Petraeus and Robert Zoellick

As crises in the Middle East and rising tensions in Asia have consumed U.S. policymakers’ attention over the past decade, Washington has devoted comparatively little thought to North America. Yet it is precisely today's broader global challenges that make an ambitious strategy to strengthen North America so important.

Diane Coyle

The economy’s character -- and what citizens value -- is changing, and that the way we measure the economy will have to keep up. In particular, economists will have to grapple with three issues: complexity, driven by innovation; the increasing share in advanced economies of intangibles, such as online activities with no price; and sustainability.

Comment, 2014
Jake Kendall and Rodger Voorhies

Most of the world’s poor lack a basic savings account, but the humble cell phone may change all that. Thanks to mobile finance, banks can now offer critical services to more people and in more places than ever before, helping them escape poverty for good.

Comment, 2014
Jan-Werner Müller

Ten years ago, eight eastern European states joined the European Union, seemingly locking them onto an upward developmental trajectory. But now this supposed triumph is in serious doubt, as most those countries are experiencing profound political crises.

Essay, 2014
Zachary Karabell

The notion that a few simple numbers such as GDP or inflation can capture today’s multifaceted economic systems is a myth worth abandoning. Instead, economists should ask specific new questions and embrace new ways of answering them.

Interview, 2014
Ngozi Okonjo-Iweala

Nigeria's finance minister speaks with Foreign Affairs about the developing world's role in international financial institutions, the fight against corruption, and her mother's politically motivated kidnapping.

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