Developing countries

Cheap smartphones in emerging economies could help the tech industry's survival.

Facebook wants to be the Internet portal for mobile users. Those users won't likely have smartphones -- instead flip phones and text messages will connect them to the web.

In some cases, a dearth of infrastructure can actually lead to innovation. No where is this more true than in the developing world.

What can be done to spur growth in the U.S. and the euro zone? Peter Henry, Dean of NYU's Stern School of Business, thinks the answer lies in developing countries.

Leaders of the BRICS nations -- Brazil, Russia, India, China and South Africa -- are wrapping up a summit today. They have a new plan to create a bank to fuel economic growth in the developing world.

Defense contractor Lockheed Martin has discovered a way to make desalination 100 times more efficient. And that could have a big impact on bringing clean drinking water to the developing world and war zones.

The World Bank is getting a new president. Jim Yong Kim, who's currently the head of Dartmouth College, will be taking over the Washington-based global lending institution beginning this summer.