Former Brazilian President Luiz Inacio Lula da Silva speaks at the Metalworkers Union headquarters in Sao Bernardo do Campo, Brazil, March 10, 2021 (AP photo by Andre Penner).

The news hit Brazil like an earthquake. Former President Luiz Inacio Lula da Silva, widely known as Lula, was suddenly free to run for president in next year’s election. That was the principal, if potentially reversible, result of a surprising decision issued Monday by a Brazilian Supreme Court judge, tossing out criminal corruption cases against the iconic leftist leader. The 2022 presidential race has now taken on a dramatic new player who poses a major threat to the reelection of Brazil’s controversial far-right president, Jair Bolsonaro. The court ruling, which still faces possible challenges, sets the stage for an extraordinarily […]

Chinese President Xi Jinping at the World Economic Forum in Davos, Switzerland, Jan. 17, 2017 (AP photo by Michel Euler).

In retrospect, the early 2000s can be considered, if not the high-water mark, then the golden age of contemporary globalization. Liberalized trade had achieved a quasi-theological status, with the catalogue of its benefits—both real and anticipated—extending far beyond its strictly economic impact. Trade, it was argued, would allow countries in the developing world to lift their populations out of poverty and into the “global middle class.” With this new affluence would come greater expectations for effective governance, generating protean demands for accountability that would eventually lead to political liberalization in countries where authoritarianism was the rule. Meanwhile, the lowered barriers […]