Educating India

By: Rakesh Mani NEW DELHI – Three years ago, as I walked through the densely populated slums of Mumbai toward my new teaching job at a low-income school, India’s extreme educational inequities were starkly on display. Muddy water flowed alongside ramshackle homes, and the stench of garbage was overpowering. When […]

Calling the Big Banks’ Bluff

By: Frank Schäffler and Norbert F. Tofall BERLIN – The G-20’s decision in November 2008 not to let any systemically relevant bank perish may have seemed wise at the time, given the threat of a global financial meltdown. But that decision, and bad policies by central banks and governments since […]

The OECD’s Positive Peer Pressure

By Martin S. Edwards SOUTH ORANGE, NEW JERSEY – If an international organization made recommendations for improving a country’s economy, and the country adopted fewer than half of them, the organization might seem like a failure. But an international organization should be judged according to the quality of the information […]

Mario Draghi’s Guns of August

By Kemal Derviş  WASHINGTON, DC – August has been a dangerous month in European history, but this year it could be the turning point for the eurozone – and perhaps for the world economy. On July 26, Mario Draghi, President of the European Central Bank, declared that his institution would […]