Why Capital Flows Uphill

You wouldn't necessarily expect capital to move from poor countries to rich ones. But that's exactly what seems to be happening in some cases. Here's why.

Peter Passell |


Off the Beaten Path

Some of the best economic innovations come from places you wouldn't expect.

Jeffrey Frankel |


Embarrassment of Riches

Natural resources would seem to promise easy money. Welcome to the dark side.

Peter Passell |


The Revenge of Montozy

Is Italy's "Super Mario" prime minister poisoning the love affair between Angela Merkel and Nicolas Sarkozy?

Aaron Wiener |


Canceling the Mullahs' Credit Card

How to sever Iran's financial lifeline.

Mark Dubowitz |


Why Putinomics Isn't Worth Emulating

Don't let the Russian economy fool you: It's still all about oil.

Peter Passell |


House of 19,000 Corporations

The uproar over Mitt Romney's finances shines a light on the world's most unlikely financial capital.

Joshua E. Keating |


Nothing to Celebrate

Think 2011 was a bad year for Europe? 2012 could be a whole lot worse -- if EU leaders don't get serious and deal with these 6 problems.

Charles Grant |

Deep Dive Briefing

A Watchful Eye

Promises of fiscal discipline by European countries could prove empty without effective surveillance from the International Monetary Fund. Here's how to make sure they don't slip.

Martin S. Edwards |

Deep Dive Briefing

China to the Rescue?

The hard truth of the European debt crisis is that Europe needs Asia … and Asia needs Europe.

Jean Pisani-Ferry |


The End of the Chinese Dream

As China's economy continues to trend downward, Beijing's elites are sparking a new, palpable frustration in the general population.

Christina Larson |


Keeping Markets Happy

It's not public-sector deficits that are at fault for the euro crisis -- it's the policies that have enabled the financial sector to wield so much power.

Rick Rowden |


It Ain't Easy Being a Central Banker

Spare a thought for the bureaucrats stuck with one of the most important, and miserable, jobs in the world.

Felix Salmon |


20 Things the G-20 Could Have Done -- But Didn't

As the Cannes caucus begins, here's what would have saved the world economy -- and Barack Obama's job.

David Rothkopf |


The Hemlock Ballot

Why the Greek referendum controversy is a tragedy in slow motion.

Nick Malkoutzis |


Deal Breaker

How badly did Europe just bungle its best shot yet at avoiding economic catastrophe?

Mohamed El-Erian |


The Perils of Loose Living

For decades, Americans have looked to monetary policy as an engine of economic growth -- and suffered the dire consequences.

Heleen Mees |


Cashing Out

America's status as the world's banker has shielded it from harsh economic realities for more than half a century. Not anymore.

Fan Gang |

In Box

Money Market

How the West was won -- in the Middle Ages

Joshua E. Keating |

Slide Show

From Berlin to Athens

As Greece's debt crisis continues to spiral downward, the leaders of Germany and Greece grapple with restive publics and the massive task of restoring the eurozone.

Kedar Pavgi |


Doha Is Dead

But do we really need multilateral institutions anymore to kick-start international trade?

Lawrence Herman |

The Optimist

Pennies from Heaven

Is God to blame for the global market meltdown?

Charles Kenny |

Deep Dive

The Icarus Zone

Never before has a monetary union been so full of anticipation and hype. Should we have known that the euro would buckle?

David Marsh |

Deep Dive

An Exorbitant Burden

Why keeping the dollar as the world's reserve currency is a massive drag on the struggling U.S. economy.

Michael Pettis |

Deep Dive

The New Triumvirate

Sayonara yen. By 2025, the renminbi, dollar, and euro will control the international currency system.

Mansoor Dailami |

Deep Dive

The Buck Stays Here

Why the dollar isn't going anywhere anytime soon.

Daniel W. Drezner |

Deep Dive

Dreaming of SDRs

Why the IMF's long dreamed-of Special Drawing Rights will always be the currency of the future.

David Bosco |

Deep Dive

The Multilateral Vacuum

If Washington can't get the Chinese to revalue their currency, can international institutions be of any help?

Phil Levy |

Photo Essay

The Road To Prosperity

The world needs infrastructure -- and if the West doesn't take advantage of that need, China definitely will.

Derek Thurber |

Briefing Book

Bridges to Somewhere

More austerity won't save the global economy. Building infrastructure just might.

Justin Yifu Lin |