CONTENTS : Introduction 1 1. ClTY KID 19 2. THE MAKING OF AN ECONOMIST 38 3. ECONOMICS MEETS POLITICS 54 4. PRIVATE CITIZEN77 5. BLACK MONDAY 100 6. THE FALL OF THE WALL 123 7. A DEMOCRAT'S AGENDA 142 8. IRRATIONAL EXUBERANCE 164 9. MILLENNIUM FEVER 182 10. DOWNTURN 206 11. THE NATION CHALLENGED 226 12. THE UNIVERSALS OF ECONOMIC GROWTH 249 13. THE MODES OF CAPITALISM 267 14. THE CHOICES THAT AWAIT CHINA 294 15. THE TIGERS AND THE ELEPHANT 311 16. RUSSIA'S SHARP ELBOWS 323 17. LATIN AMERICA AND POPULISM 334 18. CURRENT ACCOUNTS AND DEBT 346 19. GLOBALIZATION AND REGULATION 363 20. THE CONUNDRUM 377 21. EDUCATION AND INCOME INEQUALITY392 22. THE WORLD RETIRES.BUT CAN IT AFFORD TO?409 23. CORPORATE GOVERNANCE 423 24. THE LONG-TERM ENERGY SQUEEZE 437 25. THE DELPHIC FUTURE 464 Acknowledgments 506 A Note on Sources 508 Index 513