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...

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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...

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