The International Monetary Fund’s managing director has traditionally been a European male, often a Frenchman. But with Dominique Strauss-Kahn’s resignation amid sexual assault charges, the job is available. A woman is among the leading candidates, and contenders from emerging markets may vie for the top spot. Here’s a look at the possibilities.
A world with more middle class than poor by 2022 may be a challenge to social values. A rising middle-class materialism needs a spiritual response.
Contrary to the hype, microfinance doesn't help everyone – and microfinance loans sometimes go for personal needs, not a business. But that's OK.
As prosperity becomes the global norm, expect a sea change in social values. 'Survival' values are waning and 'self-expression' values are gaining.
Every marriage is a little business. "Economics is about how to allocate scarce resources," says Paula Szuchman, coauthor with Jenny Anderson of "Spousonomics: Using Economics to Master Love, Marriage, and Dirty Dishes." "That's what married people are trying to do, given that they have limited resources – time, money, patience." Marriage experts and even economists aren't ready to replace Dear Abby with Adam Smith. "Marriage is more than an economic transaction." says Raymond Fisman, a Columbia University economist. Still, he's a fan of the book. Test these four economic principles on your marriage: