Jim Yong Kim would become the first doctor to lead the World Bank.
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India vs China: Which is the best role model for the developing world?
China is the Michael Jordan of emerging markets (Wilson Chu/REUTERS)
China is the Michael Jordan of emerging economies. Just as every up-and-coming basketball hopeful wanted to “be like Mike,” every up-and-coming poor nation wants to “be like China.” And why not? China has boasted an incredible record of alleviating poverty, …
World Economic Forum at Davos 2011: Still Standing
It’s all change at this year’s World Economic Forum in Davos, as economic and political leaders face a future in which developed nations struggle to limp out of recession while emerging markets flourish. But those shifting …
Is the world in a trade war?
Protectionism has been the worst nightmare of policymakers since the earliest days of the financial crisis. It has become an article of faith among economists that protectionist policies during the 1930s exacerbated the Great Depression, and everyone knows full well that adopting similar practices today would have the same disastrous …
Whom to Watch at the World Economic Forum in Davos
Five leaders jostling for attention at the annual gabfest
Curious CapitalistWorld Finance
Who Should Be the Next President of the World Bank?
Everyone is focused on the U.S. presidential elections this year, but there’s another presidential race that’s heating up – the race to be president of the World Bank. It’s a process that’s just as political, but much …
The BRICs: Plotting a New World Order?
Whenever the BRICs have a powwow, as they did during their second summit this week in Brasilia, I can’t help thinking about the future of the global economy. After all, the BRICs – that’s Goldman Sachs-speak for the four great emerging economies of Brazil, Russia, India and China – in many ways represent that future. There’s …
Will America’s budget deficit bring an end to world peace?
Did you know that the U.S. still stations nearly 50,000 troops in Japan? That’s pretty amazing when you think about it. The war in the Pacific ended 66 years ago, and there hasn’t been a conflict in Northeast Asia since the Korean War of the early 1950s, but America still maintains a hefty military presence in the area. Another bunch …
Will Amazon Take Over the World?
Amazon is poised to integrate itself in Americans’ lives in ways that no other company is capable.
World Economic Forum 2011: A New Reality
In Davos, TIME’s Board of Economists grapples with a world split in halves
New Microsoft CEO: We Help Make Magic, Improve the World
Satya Nadella, Microsoft’s executive vice president of cloud and enterprise, has just been named the company’s next CEO. He’s already trying to rally his troops with a letter sent to all Microsoft employees today. In the
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Will Japan’s quake rock the world economy?
After a stress-inducing day on Wall Street, investors have finally woken to the potential dangers to the world economic order posed by the giant earthquake and tsunami in Japan. The Japanese economy is the world’s third-largest, and its companies play important roles in everything from heavy industry to high-tech to finance. There is …
