The End of Foreign Capital Flows in Emerging Markets?

Emerging economies are entering into an economic and political paradigm where instating capital controls on foreign investment increasingly seems like a viable option. The economic aspect of this probable outcome relates to a trilemma found…


Sovereign Debt and the Euro-zone.

In the Spring of 2010, governments around Europe began announcing and preparing fiscal austerity measures to address budget and structural deficits. These plans for austerity measures owe their prompt formulation to the Greek debt crisis,…


Microfinance in Bangladesh

Microfinance has both a dubious and triumphant track record as an agent of poverty alleviation. The movement remains rooted in the fundamental premise that people can increase their income if given loans to help build…


Hopes Based on a Peanut Paste

As the world becomes increasingly globalized and technology transforms reality, the novelty of new innovations sometimes eclipses the very realsuffering of a sizable portion of the Earth’s population. Although technology allows people on opposite sides…


The World Bank and the IMF: A Limited Mandate

In the fight against global poverty, the World Bank aims to help direct developing economies onto a stable path of sustained economic growth through the support of domestic financial institutions and large-scale infrastructure projects. Yet,…


The New Cold War

June 12th, 1987—President Ronald Reagan makes his famous declaration, “Mr. Gorbachev, tear down this wall!” effectively ending the Cold War between the United States and Russia. For over forty years, the two countries fought for…