In recent years, Bangladesh has experienced economic growth but not economic development. This paper reviews the Janus-faced nature of the country’s leading growth sector – Readymade Garments (RMG). It is an industry that has fueled growth but is not productive enough to...

There is no reason to despair about the world's ability to reduce the environmental damage due to the use of fossil fuels. Growing nations have solved similar problems before, argues the author. But it will take serious government commitment to investment in a search for new technologies. This,...

Multinational firms have contributed to economic growth in the developing world. But the risk of growing corporate power is that it abuses this power. How does one balance the two concerns? Merely returning these countries to "localism" will not work, argues this economist. He offers his own...