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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
LeadershipWorld's Greatest Leaders

These Two Female Governors Are Among the World’s Greatest Leaders

By
Matthew Heimer
Matthew Heimer
and
Tory Newmyer
Tory Newmyer
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By
Matthew Heimer
Matthew Heimer
and
Tory Newmyer
Tory Newmyer
Down Arrow Button Icon
March 26, 2016, 12:00 PM ET
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Elected officials are dismayingly rare on Fortune‘s annual list of the World’s Greatest Leaders, in part because so few of them have the will (or, in crunch time, the votes) to make the difficult choices that truly effective government requires. But on this year’s list, you’ll find two governors—one Republican, one Democrat—who’ve stood out as exceptions.

While today’s most successful Republican pol builds a following by stirring resentment, Nikki Haley is proving that Trumpism isn’t the only way. South Carolina’s Indian-American governor was among the earliest in her party to call out the GOP presidential front-runner, warning against “the siren call of the angriest voices”—in a nationally televised State of the Union response, no less. Last summer, following the massacre of nine African Americans in a Charleston church, Haley engineered the removal of the Confederate flag from state capitol grounds, setting off a movement across the South to pack away the charged symbol.

Several hundred miles from Columbia, America’s smallest state just tackled one of the country’s biggest fiscal problems, thanks to Gina Raimondo. Countless state and local governments struggle with under­financed pension plans, and Rhode Island’s was one of the worst before 2014. That’s when Raimondo, a Democrat then serving as state treasurer, engineered an overhaul that slashed cost-of-living increases and pointed the system toward solvency. Public-sector unions fulminated and sued, but voters rewarded Raimondo by electing her governor. In 2015 she negotiated legal settlements that preserved her pension reforms, inspiring hope in cash-strapped statehouses everywhere.

 

This article is part of the 2016 World’s 50 Greatest Leaders feature, our annual list of world-changing leaders in business, government, philanthropy and beyond. Click here to see the entire package.

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By Matthew HeimerFormer Executive Editor, Features
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Matt Heimer previously oversaw Fortune's longform storytelling in digital and print and was the editorial coordinator of Fortune magazine.

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