Economic Development

Smiling woman ringing the NYSE bell, surrounded by other smiling people (© Richard Drew/AP Images)

New York Stock Exchange welcomes Africa’s first ‘unicorn’

Jumia, the "Alibaba of Africa," draws eyes toward Africa as the first publicly traded tech startup from the continent on the NYSE
Two seated men talking (© Rodrigo Garrido/Reuters)

Pompeo: Many countries are following Chile’s example [infographic]

Once under a military dictatorship, Chile made a peaceful transition to democracy and embraced free markets and capitalism. Today, Chile is thriving.
An aerial view of the Coca Codo Sinclair Dam project (© Federico Rios Escobar/The New York Times/Redux)

Study warns against Chinese ‘Belt and Road’ investment

The risks and costs associated with Chinese infrastructure projects are greater than they first appear, a new report says.
Open area workspace (IBM Research-Africa)

Technology links U.S. and South African businesses

The IBM Innovation Hub in Johannesburg serves as an example of the growing ties between the United States and South Africa.
Sculpture on river bank, city skyline in background (© Shutterstock)

From Silicon Valley to the American heartland

American entrepreneurs are on the move. And they are landing in the Midwest in cities like Indianapolis, St. Louis and Omaha.
Pompeo at a lectern addressing an audience (State Dept./Ron Przysucha)

Pompeo: U.S. energy doesn’t come with strings

Speaking at an energy conference, Secretary Pompeo set out the benefits of the United States' being a world leader in energy production.
Oil well at night (© Benjamin Lowy/Getty Images)

U.S. is world’s largest producer of crude oil

The United States has surpassed Russia and Saudi Arabia and is now the largest producer of crude oil, U.S. government figures show.
Construction crew working (Morgana Wingard/USAID)

How U.S. aid avoids ‘debt-trap diplomacy’

Sometimes foreign loans and investment come with strings attached.
Pumpjack operating above oil well at night (© Daniel Acker/Bloomberg/Getty Images)

American ingenuity, drive sparked shale oil revolution

There's shale all over the world, but Americans have led the way in figuring out how to make it gush oil and gas. Now they lead the world in oil production.