Indermit Gill on what China and India must do to join the rich club
First invest, then infuse foreign technology and then innovate, says the World Bank’s chief economist
![](https://www.economist.com/cdn-cgi/image/width=1424,quality=80,format=auto/content-assets/images/20240806_BID001.jpg)
“TO GET RICH is glorious” is the maxim that inspired one of the most successful development strategies of the past 50 years. It’s an aspiration widely shared across developing countries—and for good reason. When countries become wealthier, the results can be glorious. Living standards rise. Poverty recedes. The propensity to pollute dwindles, as products and production methods improve.
Explore more
More from By Invitation
![](https://www.economist.com/cdn-cgi/image/width=1424,quality=80,format=auto/content-assets/images/20240909_BID001.jpg)
Clearing Ukraine’s mines is crucial for global food security, say Howard Buffett and Tony Blair
With the right sort of technology and financing, it needn’t take a century
![](https://www.economist.com/cdn-cgi/image/width=1424,quality=80,format=auto/content-assets/images/20230909_BID002.jpg)
Mario Draghi outlines his plan to make Europe more competitive
The continent needs investment on a par with the Marshall Plan and a lot more innovation, says the former central banker
![](https://www.economist.com/cdn-cgi/image/width=1424,quality=80,format=auto/content-assets/images/20240903_BID002.jpg)
Large language models will upend human rituals
The results could be disturbing, argue Marion Fourcade and Henry Farrell
Kamala Harris has good vibes. Time for some good policies
Steven Teles, a political scientist, on the three Ps that the Democratic nominee should focus on
Break the taboos propping up unsustainable debt, pleads a former central banker
Murtaza Syed on overcoming fear of restructuring, cajoling creditors and encouraging the IMF to be candid
Mark Zuckerberg and Daniel Ek on why Europe should embrace open-source AI
It risks falling behind because of incoherent and complex regulation, say the two tech CEOs