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This Week in Markets in Democracy: Election in India, Kenyan Corruption, End of BRICS

by Shannon K. O'Neil
Supporters of Janata Dal (United) celebrate after learning the initial results outside the party office in New Delhi, India, November 8, 2015. Prime Minister Narendra Modi was heading for a heavy defeat on Sunday in a key election in India's third most populous state Bihar, signalling the waning power of a leader who until recently had an unrivalled reputation as a vote winner. Modi's second straight state election setback will galvanise opposition parties, embolden rivals in his own party and diminish his standing with foreign leaders amid concern he may not win a second term as prime minister (Reuters/Anindito Mukherjee). Supporters of Janata Dal (United) celebrate after learning the initial results outside the party office in New Delhi, India, November 8, 2015. Prime Minister Narendra Modi was heading for a heavy defeat on Sunday in a key election in India's third most populous state Bihar, signalling the waning power of a leader who until recently had an unrivalled reputation as a vote winner. Modi's second straight state election setback will galvanise opposition parties, embolden rivals in his own party and diminish his standing with foreign leaders amid concern he may not win a second term as prime minister (Reuters/Anindito Mukherjee).

CFR’s Civil Society, Markets, and Democracy (CSMD) Program highlights noteworthy events and articles each Friday in “This Week in Markets and Democracy.” 

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This Week in Markets and Democracy: The Americas’ Refugee Crisis, Impunity in Journalist Attacks, and More

by Shannon K. O'Neil
A Salvadoran immigrant carries her son while standing in vegetation to hide from organized crime bands in Huehuetoca, near Mexico City, June 1, 2015. An increasing number of Central Americans are sneaking across Mexico's border en route to the United States (Reuters/Edgard Garrido). A Salvadoran immigrant carries her son while standing in vegetation to hide from organized crime bands in Huehuetoca, near Mexico City, June 1, 2015. An increasing number of Central Americans are sneaking across Mexico's border en route to the United States (Reuters/Edgard Garrido).
CFR’s Civil Society, Markets, and Democracy (CSMD) Program highlights noteworthy events and articles each Friday in “This Week in Markets and Democracy.” 

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This Week in Markets and Democracy: Indonesia Pledges to Join the TPP, Corruption in Venezuela

by Shannon K. O'Neil
U.S. President Barack Obama (R) and Indonesia's President Joko Widodo (L) shake hands after their meeting in the Oval Office at the White House in Washington, October 26, 2015. (Reuters/Jonathan Ernst). U.S. President Barack Obama (R) and Indonesia's President Joko Widodo (L) shake hands after their meeting in the Oval Office at the White House in Washington, October 26, 2015. (Reuters/Jonathan Ernst).

CFR’s Civil Society, Markets, and Democracy (CSMD) Program highlights noteworthy events and articles each Friday in “This Week in Markets and Democracy.” 

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This Week in Markets and Democracy: Corruption in Honduras and an Election Timeline

by Shannon K. O'Neil
A supporter of former Tanzania's Prime Minister and main opposition party CHADEMA presidential candidate Edward Lowassa cheers during his campaign rally in Tanga October 21, 2015. Tanzanians will go to the polls on October 25 to elect their fifth president. (Reuters/Stringer) A supporter of former Tanzania's Prime Minister and main opposition party CHADEMA presidential candidate Edward Lowassa cheers during his campaign rally in Tanga October 21, 2015. Tanzanians will go to the polls on October 25 to elect their fifth president. (Reuters/Stringer)

CFR’s Civil Society, Markets, and Democracy (CSMD) Program highlights noteworthy events and articles each Friday in “This Week in Markets and Democracy.” 

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This Week in Markets and Democracy: U.S. Fights Corruption, Preventing Mass Atrocities, and More

by Shannon K. O'Neil
Ban Ki-moon, U.N. Secretary-General addresses a plenary meeting of the United Nations Sustainable Development Summit 2015 at United Nations headquarters in Manhattan, New York, September 25, 2015. More than 150 world leaders are expected to attend the U.N. Sustainable Development Summit from September 25-27 at the United Nations in New York to formally adopt an ambitious new sustainable development agenda a press statement by the U.N. stated. (Soe Zeya Tun/Reuters). Ban Ki-moon, U.N. Secretary-General addresses a plenary meeting of the United Nations Sustainable Development Summit 2015 at United Nations headquarters in Manhattan, New York, September 25, 2015. More than 150 world leaders are expected to attend the U.N. Sustainable Development Summit from September 25-27 at the United Nations in New York to formally adopt an ambitious new sustainable development agenda a press statement by the U.N. stated. (Soe Zeya Tun/Reuters).

CFR’s Civil Society, Markets, and Democracy (CSMD) Program highlights noteworthy events and articles each Friday in “This Week in Markets and Democracy.” 

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This Week in Markets in Democracy: What We Are Reading

by Shannon K. O'Neil
A vendor selling flowers hands over change to a customer in Kunming, Yunnan province, August 19, 2015. China's currency devaluation should give a shot in the arm to global foreign exchange volumes as traders take advantage of and protect themselves against the surprise surge in volatility, but its longer-term impact on market activity may not be so benign (Wong Campion/Reuters). A vendor selling flowers hands over change to a customer in Kunming, Yunnan province, August 19, 2015. China's currency devaluation should give a shot in the arm to global foreign exchange volumes as traders take advantage of and protect themselves against the surprise surge in volatility, but its longer-term impact on market activity may not be so benign (Wong Campion/Reuters).

This Week in Markets and Democracy will return on August 28. Until then, here is what CSMD is reading this week.

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This Week in Markets and Democracy: Climate Finance, Aid, Anti-Corruption Tech, and the ICC

by Shannon K. O'Neil
Leaders of the AU stand during the opening of the 25th African Union summit in Johannesburg June 14, 2015. A South African court issued an interim order on Sunday preventing Sudanese President Omar al-Bashir leaving the country, where he was attending an African Union summit, until the judge hears an application calling for his arrest. (Siphiwe Sibeko/Reuters) Leaders of the AU stand during the opening of the 25th African Union summit in Johannesburg June 14, 2015. A South African court issued an interim order on Sunday preventing Sudanese President Omar al-Bashir leaving the country, where he was attending an African Union summit, until the judge hears an application calling for his arrest. (Siphiwe Sibeko/Reuters)

This is the fourth post of a new series on the Development Channel, “This Week in Markets and Democracy.” Each Friday, CFR’s Civil Society, Markets, and Democracy Program, will highlight the week’s noteworthy events and articles.

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This Week in Markets and Democracy: Corruption in China, Mediterranean Migrant Crisis, Child Labor, and Turkish Elections

by Shannon K. O'Neil
A group of 300 sub-Saharan Africans on board a boat are seen next to an Italian marine ship (top) during a rescue operation by the Italian Finance Police vessel Di Bartolo (not pictured) off the coast of Sicily, May 14, 2015. Around 1100 migrants were rescued off the coast of Sicily, about 130 miles from Lampedusa, according to the police. (Alessandro Bianchi/Reuters) A group of 300 sub-Saharan Africans on board a boat are seen next to an Italian marine ship (top) during a rescue operation by the Italian Finance Police vessel Di Bartolo (not pictured) off the coast of Sicily, May 14, 2015. Around 1100 migrants were rescued off the coast of Sicily, about 130 miles from Lampedusa, according to the police. (Alessandro Bianchi/Reuters)

This is the third post of a new series on the Development Channel, “This Week in Markets and Democracy.” Each Friday, CFR’s Civil Society, Markets, and Democracy Program, will highlight the week’s noteworthy events and articles.

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Abenomics Is Womenomics

by Rachel Vogelstein
Japanese college graduates attend a pep rally in Tokyo designed to boost their morale as they break into the job market, February 2015 (Thomas Peter/Reuters). Japanese college graduates attend a pep rally in Tokyo designed to boost their morale as they break into the job market, February 2015 (Thomas Peter/Reuters).

On his visit to the United States last month, Japanese Prime Minister Shinzo Abe spoke about his plan for economic growth, known colloquially as “Abenomics.” His plan comes at a crucial time: Japan’s economic prospects are far from favorable, especially when coupled with the country’s projected demographic decline. By 2060, Japan’s total population is expected to shrink by 30 percent, and the elderly population is expected to grow to a whopping 40 percent. At the same time, Japan’s GDP is forecast to grow just 0.8 percent in 2015, as compared to 3.1 percent in the United States.

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Building the Obamas’ Legacy: Expanding the Peace Corps to Advance Girls’ Education

by Catherine Powell
U.S. First Lady Michelle Obama gestures during a visit to promote girls' education and the “Let Girls Learn” initiative at Hun Sen Prasaat Bankong high school on the outskirts of Siem Reap, Cambodia, March 2015 (Courtesy Athit Perawongmetha/Reuters). U.S. First Lady Michelle Obama gestures during a visit to promote girls' education and the “Let Girls Learn” initiative at Hun Sen Prasaat Bankong high school on the outskirts of Siem Reap, Cambodia, March 2015 (Courtesy Athit Perawongmetha/Reuters).

“When girls get educated—when they learn to read and write and think—that gives them the tools to speak up and to talk about injustice, and to demand equal treatment. It helps them participate in the political life of their country and hold their leaders accountable, call for change when their needs and aspirations aren’t being met.” These were the words of First Lady Michelle Obama as she addressed Peace Corps volunteers in Cambodia last weekend, part of her trip to promote the administration’s Let Girls Learn program.

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