It’s a common sight in rural China: rows and rows of low-rise apartment buildings, often topped by solar water heaters the size of kitchen tables. By one estimate, 30 million Chinese households rely upon the devices for hot water. They’re served by 3,000 companies that sell around one million of the devices annually. Neither subsidies nor environmental guilt account for ...

For quite a while now, it’s been rare to hear the name “India” without the giddy qualifier, “the world’s fastest-growing large economy.” Those seeking to promote India as a destination for investment — including, perhaps especially, its government — have driven home the message that India is the “bright spot” in the global economy. The latest data on economic growth ...

Critics of globalization have named their enemies: those citizens of the world who, in British Prime Minister Theresa May’s scornful phrase, are really “citizens of nowhere.” Populist leaders are championing policies to combat such cosmopolitanism — restricting migration, rethinking regional trade deals, pressuring companies to create jobs at home. Yet while it contains some truths, the populists’ diagnosis is incomplete. ...