Can India, Indonesia and Saudi Arabia be the next great economies?
Several countries are making bold—and risky—bets on growth
Politicians and policymakers all over the world share a preoccupation: how to make their countries richer. The trouble is that the route to prosperity looks ever more daunting. The global economy is changing, as new, green technologies emerge and trading relationships fragment. In countries that are already rich the state, after decades of free-market rhetoric, is back in a big way. Governments are spending hundreds of billions on handouts for industries they deem to be strategically important.
Explore more
This article appeared in the Leaders section of the print edition under the headline “Vaulting ambition”
Leaders January 6th 2024
Discover more
Lessons from the failure of Northvolt
Governments blew billions on a battery champion. Time to welcome foreign investors instead
How to make a success of peace talks with Vladimir Putin
The key is robust security guarantees for Ukrainians
Javier Milei: “My contempt for the state is infinite”
Argentina’s president is idolised by the Trumpian right. They should get to know him better
Tariff threats will do harm, even if Donald Trump does not impose them
The risk of a trade war is uncomfortably high
Peace in Lebanon is just a start
Donald Trump must build on Joe Biden’s belated success
From Nixon to China, to Trump to Tehran
Iran is weak. For America’s next president that creates an opportunity