Economic Development

With gas at $1.73 a gallon, no wonder Cairo’s traffic is a nightmare. And with bread at less than a cent apiece, it’s no surprise that the city’s sidewalks are...

The West faces a serious dilemma on the African continent as French forces begin the process of withdrawing troops from Mali in April. As the New York Times noted this...

Saudi Arabia’s oil reserves are expected to run dry in fifty years. This prospect has encouraged the Saudis to go shopping for cutting-edge science that can secure the kingdom’s future—at...

Egypt is desperate for change, but whatever changes are made will bring pain to someone. Fired by the revolution that many saw as the cure for the political, social, and...

In the summer of 1919 the U.S. Army Motor Transport Corps sent a convoy of 81 vehicles across the United States, from Washington, D.C. to Oakland, California (and then by...

Amid uncertainties over whether China’s combination of authoritarian one-party rule and a rapidly evolving economy can persist, an academic at the Beijing Institute of Technology notes that many Chinese intellectuals...

The idea that deep cuts are pushing Greece to the brink makes for great punditry. But it is a woefully incomplete description of what is really happening. Austerity is not...

When David M. Smick produces one of his Washington Post op-ed pieces, it pays to take note. Smick, the international economics consultant and author of the best-selling The World Is...

The seventeenth National Congress of the Chinese Communist Party, 2007.The financial crisis that still plagues the world has taught that banks deemed too big to fail may also be too...

Tensions with Japan led China’s leaders to stay away from a meeting of global finance chiefs held in Tokyo last week. This is an example of China’s increasingly assertive foreign...

The Libertad, flagship of the Argentine Navy.Last Thursday, a judge in Ghana upheld a court order impounding the legendary three-masted flagship of the Argentine Navy as part of a debt...

Protesters in Puerta del Sol in Madrid.Spain is special. Every European country these days seems to have its financial crisis. Spain has two. One crisis stems from the by-now-commonplace mismanagement...