In The News

China aims to be more than an assembly line. The government is actively rebalancing its economy to exit industries dependent on raw materials and labor, and that provides great opportunity for China’s neighbors in two ways, explains Deepak Gopinath, global markets director for Trusted Sources, an emerging-markets consulting firm. Neighboring economies can pick up the slack in low-value industries...

Many Indians are wary of starting business on their own. With a poor economy in the West, many are giving up jobs in Silicon Valley to return home and organize their own startups. The emerging economy offers a huge test market along with low costs and dependable workers. The returnees offer “an unprecedented innovation boost,” reports Saritha Rai, but must first overcome “a seeming aversion...

The US, with great potential for economic growth, still could rescue the dragging global economy – the country’s energy development, agricultural output, steady labor force, and education programs all offer promise. But the US has immediate challenges, argues economist David Dapice, including rising inequality and high youth unemployment rates. Young workers often bring innovations to workplaces...