The McKinsey Quarterly

McKinsey consultants and outside contributors examine the strategic, financial, economic, and regulatory aspects of the current crisis. See our complete collection.

Yasheng Huang, associate professor at the MIT Sloan School of Management, writes that contrary to the assumptions of many Western economists, China’s success is not based on technocracy but rather on principles of private ownership and financial liberalization.

Panetta on change

The Wall Street Journal reports that Leon Panetta, former chief of staff for Bill Clinton, has been picked by President-elect Barack Obama to lead the Central Intelligence Agency. In this interview, conducted a few months ago, Panetta talks with The Quarterly about openness and leadership---how to develop it and how it can drive effective policy change.