One of the less plausible pieties of international economists—the claim that globalization doesn't substantially hurt the middle class in rich countries—may be dying, the New York Times reports.

Sure, small organizations are often the source of big new ideas. But in the quest to end poverty, big organizations' innovations can be even more important if executed well.

This requires critical thinking about what innovation is really for, a new essay argues.

Africa is booming. The West is obsessed with Europe's financial roil. For African banks, it's a major business opportunity.