The Indian economy is booming -- but the boom will last only as long as the vagaries of Indian democratic politics allow it to. Democracy and market reform are uneasily aligned in India today, and the additional reforms necessary to raise the lot of India's poor masses -- who have enormous voting clout -- may not garner a popular mandate at the ballot box. Although a long-term asset, democracy could prove to be a short-term headache for India's reformers.

The market for higher education, like others, is becoming increasingly globalized and dominated by U.S. institutions. But despite predictions that U.S.-based global universities will surge as geographic and disciplinary barriers come down, the era of the global "megaversity" may not quite be at hand.

Kenneth Pyle's new book argues that a resurgence of Japan's power and purpose has Tokyo poised to play a bigger role on the international stage. Pyle is right, and it is a good thing for Washington and Asian security.