America's hidden debt

Former US Secretary of the Treasury Lawrence H. Summers recently quipped that, "Fiscal stimulus is like a drug with tolerance effects; to keep growth constant, deficits have to keep getting larger." People like Summers worry about deficits because they doubt that the money the government is borrowing is being spent...

Gearing up to face rural development challenges

As rural innovation is increasingly viewed as a complex process that defies simple solutions, it has become more and more difficult to identify the types of investment and policy interventions needed to make developing economies' rural regions more responsive, dynamic, and competitive. Hence, the requirement is there to identify where...