Economic Development
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Snapshot,
February 7, 2012
The Vatican has recently made pointed calls for global financial reform, but the Church's teaching is grappling to accommodate the growing divergence between the immediate economic expectations of Catholics in developed European nations and those living in emerging economies.
Snapshot,
January 15, 2012
Observers have insisted that the presidential election was not about cross-strait relations but about socio-economic issues. In fact, those two are inseparable. Taiwanese realize that good relations with China are necessary for their country's continued prosperity.
Response,
January 6, 2012
A global conversation has emerged about the growing gap between the rich and poor. New academic research shows that this is more than just a moral or social issue. The less equal a society, the more prone it is to instability.
Three new books look at poverty from the bottom up, painting a vivid portrait of the lives poor people live. In focusing on individual behavior, however, the books neglect a crucial political question: how to get governments to improve the situation.
Snapshot,
December 19, 2011
Kim Jong Un is likely to continue his father's policies, keeping the country what it is now -- a nuclear-armed dictatorship in abject poverty -- until it can no longer sustain itself.
Essay,
Jan/Feb
2012
China seems to want the yuan to dethrone the dollar as the global reserve currency. But don’t expect China’s currency to take over anytime soon. The yuan will rise, but far slower than predicted, and Beijing’s puzzling efforts to help it along reveal flaws in the government’s divided and incremental approach.
Letter From,
December 13, 2011
Ireland's economic turnaround in the 1980s is generally credited to fiscal measures similar to the ones other European countries are now implementing. But those policies were painful and won't even work this time.
Letter From,
December 13, 2011
Before the first World War, Greek cities successfully managed their own affairs. Then modernization brought centralization, which paved the way for the current crisis. Now the country needs to get back to its roots.
Snapshot,
December 5, 2011
As international partners gather in Bonn to plan a withdrawal after 10 years of fighting in Afghanistan, the U.S. deputy secretary of state makes a case for an economic foundation for the country's future.
Snapshot,
November 21, 2011
Monti’s appointment fits an established Italian pattern: fiscal laxity under populist center-right governments followed by brief emergency periods of technocratic austerity under the center-left and EU. To make fiscal responsibility stick this time, Brussels should back Monti as he builds up a popular mandate for gradual reform.
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