In emerging markets, slow growth in the advanced economies has shut down a traditional development path: export-led growth. As a result, emerging markets have had to rely once again on domestic demand. This is always a difficult task, given the temptation to over-stimulate.

Politicians know that structural reforms - to increase competition, foster innovation, and drive institutional change - are the way to tackle structural impediments to growth. But they know that while the pain from reform is immediate, gains are typically delayed and their beneficiaries uncertain.

The idea was never for me to be a career bureaucrat or career technocrat; it was more about where I could implement ideas and reform programs.

I am a 10th class pass in Hindi. From 7th grade to 12th grade, I was in Delhi; before that, I was abroad. I came in not knowing a word of Hindi in 7th grade and learned Hindi and passed the exam in 10th. I think I was north of 50 percent, so I feel very proud of that accomplishment.

My parents were of the generation who thought they were the children of a free Czechoslovakia, the only democracy in central Europe.

In a time of domestic crisis, men of goodwill and generosity should be able to unite regardless of party or politics.

I leave Medicare alone. I create a new system for everyone under 65 where they get health care as a right. It's a basic plan. We roll Medicaid into that, but then we allow people to have choices and get private insurance to supplement that basic government plan.

Americans cannot teach democracy to the world until they restore their own.