Thursday, March 5, 2015
  1. Realizing the Indian Dream

    Jim O'Neill

    Realizing the Indian Dream


     explains why the country is poised to charge ahead to the front ranks of the word's economies.

    India boy looking at Mumbai Ashwin Mudigonda/Flickr

    It is probably too early to say with certainty that India will soon take its place as the world's third largest economy, behind China and the US. But, given that India's investment climate seems to be improving, that moment might not be too far away. READ MORE

  2. Publicly Funded Inequality

    Kemal Derviş

    Publicly Funded Inequality


     explains how government-financed innovation is fueling a concentration of private wealth.

    American flag hundred dollar bill Marsmett talahassee/Flickr

    In the hands of a capable entrepreneur, a technological breakthrough can be worth billions, owing to regulatory protections and the winner-take-all nature of the global economy. What is often overlooked is the role that public money plays in creating this modern concentration of private wealth. READ MORE

  3. India’s Fiscal Fortune

    Gita Gopinath

    India’s Fiscal Fortune


     explains how revised GDP data has allowed Narendra Modi's government to shun radical measures.

    Narendra Modi Address budget session Partha Sarkar/ZumaPress

    Indian Prime Minister Narendra Modi's government must be feeling lucky. The decline in world commodity prices, led by crude oil, has made managing the national budget easier – and now, after the Central Statistics Office revised its methodology for calculating GDP data, that task has become easier still. READ MORE

  4. Austerity Is Not Greece’s Problem

    Ricardo Hausmann
  5. The Costs of Grexit

    Jean Pisani-Ferry

    The Costs of Grexit


     warns that Greece's withdrawal from the euro would not go as smoothly as many now seem to assume.

    Greek exit sign MPD01605/Flickr

    From Greece's perspective, leaving the euro would be highly disruptive, which explains why there is very little support for it in the country. But there is very little agreement outside Greece about how a Grexit would affect the rest of the eurozone. READ MORE

Focal Point

308 pages
308 pages

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