Feb 28, 2011

Paul Collier’s 2007 book, The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It, changed the way we think about poverty and development. Collier argued that the majority of the 5-billion people in the "developing world" live in countries with sustained high growth rates and...

Feb 23, 2011

In 1974, three out of four countries were ruled by authoritarian regimes; today, nearly half of all governments are democratically elected—and even more democracies may be emerging in the Middle East. But with elections come new form of patronage—such as offering benefits in exchange for votes—that can undermine...

Feb 14, 2011

After the ouster of President Mubarak last Friday, I invited Arvind Subramanian, a former IMF resident representative in Cairo and a regular columnist for the Business Standard, the leading business daily in his native India, to share his views on Egypt’s economic prospects.

In the interview, Arvind argues that...