Related Issues

World Trade and Western Supremacy

• Developing-country and nongovernmental- organization activism may have sparked the beginning of an end to Western supremacy over world trade negotiations

The Changing Geography of Cheap Labor

• Westerners long enjoying global economic superiority rationally accept the advantages of outsourcing jobs. But now the trend appears to have made life more worrisome for white-collar workers at home

Because debt is a prerequisite to growth, and so many countries, including the wealthiest, owe staggering amounts of it, the real lessons from borrowing only seem to come to light when crises happen and commentators weigh in. For at least one prominent international economist, the lesson learning is ongoing and a time for warning has come again. Today, especially in the emerging economies, debt crises are inevitable, but poor management of their onset and outcome is not

Illustration by Christopher Bing

National debt crises are as old as time Excerpts from remarks by Kenneth Rogoff, Director, Center for International Development, Harvard University • On India and China • On Brazil and good management • On the US and poor management • On debt restructuring and risk sharing After Argentina, Filipinos worry they’re next Daxim L. Lucas reports from Manila, The Philippines For good reasons, China finances US deficit Jin Chen reports from Davos The choking of Nigeria’s economic recovery Areh Sunday reports from Lagos, Nigeria

Special Feature: A Connecticut Yankee hardballs the presidential family • Aristocracy, fortune and deceit among the American Bushes • Author performs pop psychiatry on George W. Bush