In many of today's important "emerging markets," demographic pressures may constrain economic growth more significantly than people may think.

President-elect Barack Obama has pledged to double U.S. foreign aid, and Representative Howard Berman (D-Calif.), chairman of the House Committee on Foreign Affairs, has stated that foreign aid reform will be on the agenda of the 111th Congress. Yet the field of development has changed significantly over the past decade,...

President-elect Barack Obama has pledged to double U.S. foreign aid, and Representative Howard Berman (D-Calif.), chairman of the House Committee on Foreign Affairs, has stated that foreign aid reform will be on the agenda of the 111th Congress. Yet the field of development has changed significantly over the past decade,...

Austerity measures in Europe have been the topic of a heated and mostly confused debate in the economic world. During the May summit of the leading industrial nations at Camp David, German chancellor Angela Merkel and other European leaders pushed for continued European austerity. Keynesian critics argue that these policies destroy economic growth.

By decade’s end, the United States will be spending more to service its debt annually than on national defense.