Intellectual property: It sounds boring, but its protection has become one of the cornerstones of U.S. economic policy. And now, it may have an impact on how the Pentagon thinks about the future of technology. In recent years, the big push for international intellectual property protection came about through the concerted action of a group of powerful, well-connected American corporations. These corporations had determined that they could make a great deal of money—or at least stop the loss of a great deal of money—by putting crucial intellectual property protections into international law. Washington has embraced this idea, making intellectual property […]
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The rise of a global middle class has been one of globalization’s great victories, but the surge in income and consumption in the developing world may be more of a temporary anomaly than a long-term trajectory. Some developing countries have ridden a commodities super-cycle to middle-class status, but most never made it or were far too late with the investments that might have converted the boon into more sustainable growth paths. Commodities are cyclical, and the global middle class may prove to be so as well. From 2001 to 2011, there was an unprecedented surge in the number of people […]