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Despite its instability, Russia shows no signs of adopting prudent economic policies. Yet the IMF recently agreed to lend the country another huge sum of money. Hoover fellows Bruce Bueno de Mesquita, James D. Morrow, and Hilton L. Root on a gigantic act of folly.
Until recently, Indonesia, with more than five times the landmass of Japan and over ten times the population of Australia, could boast both political stability and rapid economic growth. No longer. Hoover fellow Hilton L. Root explains what's gone wrong.
The content of this article is only available in the print edition.
Payoffs and slush funds may be rampant in Asian countries such as South Korea and Taiwan, but they don't seem to have interfered with economic growth. Hoover fellow Hilton L. Root explains why.
The content of this article is only available in the print edition.