Comment

It is time for world leaders to put the potential of the Internet at the top of the development agenda. The big question is whether governments are aware of the potential power of this development. A column by Carl Bildt.

China matters, and its economic policy must be taken seriously. But China does not run the world, and it is unlikely to do so anytime soon. The potential for global leadership still rests with the US. A column by Simon Johnson.

The world’s poorest countries are characterized by distrust in capitalism. This leads to government intervention. Under such conditions, capitalism can't thrive, countries remain poor. A column by Ricardo Hausmann.

As the Fed prepares to tighten monetary policy once again, an examination of this history – and of the current state of the economy – suggests that the US is about to enter dangerous territory. A column by J. Bradford DeLong.

One cause for this shift toward authoritarianism is that many countries no longer view the United States as a beacon of democracy and a model of stability and prosperity to be emulated. A column by Nina Khrushcheva.

The government must continue to implement reforms aimed at smoothing the economy’s shift to a new growth model and expanding the role of markets. A column by Michael J. Boskin.

China could inadvertently find itself mired in a «trapped transition,» in which the economic-reform strategy is stymied by the lack of political will in a one-party state. A column by Stephen S. Roach.

The US middle class has been doing much better than the statistical pessimists assert. And with better policies, these households can do even better in the future. A column by Martin Feldstein.

Just as with the adoption of information technology, the first companies to master the Internet of Things are likely to lock in significant advantages, putting them far ahead of competitors. A column by Martin Neil Baily.

The Greek government rejected an exit, and instead accepted the creditors’ tough terms. This suggests that, during the negotiations, Greece’s leaders were driven by more than economics. A column by Daniel Gros

A sustained price recovery requires a healthier global economy that combines faster inclusive growth and greater financial stability. And this will not occur quickly. A column by Mohamed A. El-Erian.

Greece must dismantle corporatist arrangements and practices that obstruct whatever innovation and entrepreneurship might emerge. A column by Edmund S. Phelps.