Financing for global public goods remains dangerously low. Yet the Gates Foundation shows there is a case for an international institution to invest in the needs of developing countries. Subramanian suggests the World Bank should do this – will the developed world agree?
The fight against piracy off the coast of Somalia has reached a new stage, with a more muscular approach being propogated by the US. Yet, any such approach ignores past experience and the real exploitation of Somali marine resources by the international community. To find long-term solutions, addressing the root socio-economic causes is critical.
YaleGlobal’s Bardhan suggests China and India’s poverty reduction miracle may have less to do with economic growth and globalization than previously thought.