Leadership and development - in globalised economic environment

Leadership matters. A bad leader can run even a wealthy, flourishing economy into the ground. A good leader can lift a poor, struggling economy to the soaring heights of prosperity. Consider Zimbabwe and Singapore. At their independence, both Zimbabwe and Singapore had charismatic and durable leaderships in Robert Mugabe and...

Learning from China: The relative roles of the state and the market

Since beginning its reform and opening up 40 years ago this month, China has been a very good student. And now, after four decades of rapid development, the country is increasingly presenting itself as a teacher. As it commits more capital abroad, it has a strong interest in how countries...